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Detroit startups: Biggest bankruptcy ever just sets up 'greatest turnaround in American history'

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Detroit filed the largest city bankruptcy in the history of the United States on Thursday. And that’s a great thing, according to the growing and vital cadre of startups that are helping to repopulate the city’s downtown core.

“It’s time to stop tinkering and rip the Band-Aid off to help us start fresh,” Bob Marsh, the CEO of job gamification startup Level Eleven, told me via email. “I see great potential for Detroit, and that’s why I started our company in the city nine months ago. The bankruptcy announcement is just one more step in the right direction.

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