3 ms·
...[among investors] I think more and more people in the Bay Area are going, "Wow! It's super competitive down here..." So I'm seeing more Valley firms actually
by herdrick 17y ago
...[among investors] I think more and more people in the Bay Area are going, "Wow! It's super competitive down here..." So I'm seeing more Valley firms actually coming up here because they're seeing really good companies forming.
Read that, "Seattle looks more capital starved and has lots of good startups looking for funding which would have already been funded in the Valley". Heaven for investors, sure. I really wish it weren't true, but the Valley is better for entrepreneurs.
- tybris 17y agoAs Jeff Bezos likes to say: Frugality breeds innovation. The availability of money changes how you go about doing business, but not your chances of success. In my experience Seattle entrepreneurs are much more focussed on building a serious business, while Valley entrepreneurs are focussed on building the most awesome toys in the world (we'll make money eventually, right?). Consequently, valley companies have fanboys, while Seattle companies have fancorps. Both can make a lot of money. On the short run I would put my money in San Francisco since the boys can be very excited. On the long run I would put my money in Seattle since the corps won't lose interest over time.