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I dunno-- the Seattle startup scene has seen pretty insane growth over the last 5 years... It was purportedly nearly non-existant 5-7 years ago. Harj and I th
by webwright 17y ago
I dunno-- the Seattle startup scene has seen pretty insane growth over the last 5 years... It was purportedly nearly non-existant 5-7 years ago. Harj and I threw together a YC Seattle meetup that was over 100 people in about a week.
You could attend a startup related event in Seattle almost every day of the week.
I did some really weak science and found:
"In 2007, 45 of 110 (41%) acquired companies were in the Valley. In 2008, only 18 of 115 (16%) were."
(whole post with sources: http://bit.ly/bDpam http://bit.ly/bDpam)
I also (with some help) crunched all Crunchbase data here: http://bit.ly/Mapl1 http://bit.ly/Mapl1
The globalization make sense to me. 5 years ago, you couldn't even roll the dice without a million bucks. Now plenty of startups spin up with pennies. And while the Valley has a few advantages, the really CLEAR advantage that it has (which has diminishing value for the earliest stages) has always been the huge number of investors.
Still, though-- starting up might be getting easier, but when you need funding relocation might still be right thing to do.
- ojbyrne 17y agoI think Seattle was crawling with startups in the mid-nineties (the windows 3.1 era). Things go in cycles.
- _delirium 17y agoThere've been a decent number in the years in between too. Farecast (founded 2003, acquired 2008) and Twango (founded 2004, acquired 2007) come to mind as successful examples.
- mixmax 17y agoThanks for the research. Just a little nitpick - could you please not use URL-shorteners. It's nice to know where you're going before you hit the link.