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Something ironic about an "open" culture being critical of a "closed" culture. Reality is the American's tech cultural is at its core a very closed community.
by saycheese 10y ago
Something ironic about an "open" culture being critical of a "closed" culture.
Reality is the American's tech cultural is at its core a very closed community. Even within America, trying to create a startup outside of the Bay Area, which is insanely expensive area to do business, will require exponentially more effort, luck, etc.
- sethammons 10y agoI'd be interested in seeing data on successful start ups vs location.
- ComteDeLaFere 10y agoThe Effect of Location on a Startup's Likelihood of Success https://codingvc.com/the-effect-of-location-on-a-startups-likelihood-of-success https://codingvc.com/the-effect-of-location-on-a-startups-li...
- sethammons 10y agoNeat, thank you! The graphs use this nebulous "signal" metric. It is hard to tell if that includes start up valuation and/or exits, which I posit are more important than some of the markers they mentioned like advisor or investor popularity. Neat data point though.
- saycheese 10y agoVenture Capital by city is a common measure: http://www.theatlantic.com/technology/archive/2016/01/global-startup-cities-venture-capital/429255/ http://www.theatlantic.com/technology/archive/2016/01/global... Though what that does not account for is the ratio of equity given for capital raised; my understanding is that on average per percent of equity that the amount of capital raised will be double that of anywhere else; means that really, amounts shown for the Bay Area should be double due to the value of that capital in a deal.