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Just to be clear, I'm not hating on investors. I just think that often they get a disproportionate amount of credit and glory as compared to the founders who sl
by MediaSquirrel 17y ago
Just to be clear, I'm not hating on investors. I just think that often they get a disproportionate amount of credit and glory as compared to the founders who slave away in anonymity for long periods in an effort to create something of value. VC's have their place, but it is not at the center.
- apu 17y agoSure, but when you're talking about what makes a place better than another for startups, what matters is not who's more important, but what the limiting factor is. And to me it seems clear that in NYC it's investors, not entrepreneurs. Sure there might be tons of smart & innovative hackers here. But if most of them aren't going to get funded, then they're gonna move to the Valley. (I realize more investors could move here/get started here, and it does seem to be happening, but they have much more inertia and are rich, so they don't have to move, unlike most cash-strapped entrepreneurs looking for the next bit of funding that will allow them to really expand.)
- pw0ncakes 17y agoI think people who invest their own money deserve as much credit as founders, because they're taking personal risk. Institutional VCs, not as much; the worst thing that can happen to them is that it takes 10 years to have a hit and become partner instead of 5, whereas entrepreneurs are out of a job if they fail.