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The irony of this is that attitude has created pretty much zero startups that have transformed into sustainable, profitable, medium or large companies. While th

The irony of this is that attitude has created pretty much zero startups that have transformed into sustainable, profitable, medium or large companies. While there have been a couple successful exits that later crashed and burned like Tumblr and Blue Apron, and a couple TBD like MongoDB and Jet (Wal-mart acquisition), many of the NYC startup IPOs and exits seem to be playing a game of hot potato by selling to the next sucker with completely veneer metrics. Having had an early stage startup in NYC, I would say there was way too much focus on "you need metric X to be Y right now" even if doing so was detrimental to getting something off the ground. That said, NYC is a good environment for established tech companies opening large satellite offices like Facebook, Google, etc.

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rchaud 8y ago
> that attitude has created pretty much zero startups that have transformed into sustainable, profitable, medium or large companies. You are looking at modern day Amazon and comparing its profitability to startups, when Amazon itself consistently lost money every year until around 2004.
- pmart123 8y ago
  I just mentally built this list, but I have: Here to Stay: Facebook, Twitter, Square, Netflix, Salesforce, Workday Likely Strong Businesses: Airbnb, Stripe, Slack, Palantir, Twilio, Trade Desk (profitable), Zendesk, Automattic, Squarespace, One Medical, Juul Profitable: Stitch Fix, Yelp, I'm sure there are others. Maybe: Cloudera, New Relic, Dropbox, 23andMe, Robinhood, Plaid, Opendoor, Instacart We will see, but big private valuations: Uber, Lyft, Pinterest, Coinbase, Instacart Then for NYC I would have: ZocDoc, Warby Parker, Classpass, and probably also Harry's, 1stdibbs, Lemonade, Compass, and Betterment. I'm sure I missed a few interesting ones, but I still think the current crop of SV companies established after 2004ish are on a different scale or tackling a bigger addressable market than the ones in NYC. Wallstreet is probably an even worse critic when a company is in its own back yard. I was at a Bloomberg event where the founder of Blue Apron was absolutely annihilated by the interviewer, and you could tell it was taking a toll on him mentally. Meanwhile, Evan Spiegel is in a similar situation and doesn't appear to have a care in the world out in LA.

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rchaud 8y ago

> that attitude has created pretty much zero startups that have transformed into sustainable, profitable, medium or large companies. You are looking at modern day Amazon and comparing its profitability to startups, when Amazon itself consistently lost money every year until around 2004.

pmart123 8y ago
I just mentally built this list, but I have: Here to Stay: Facebook, Twitter, Square, Netflix, Salesforce, Workday Likely Strong Businesses: Airbnb, Stripe, Slack, Palantir, Twilio, Trade Desk (profitable), Zendesk, Automattic, Squarespace, One Medical, Juul Profitable: Stitch Fix, Yelp, I'm sure there are others. Maybe: Cloudera, New Relic, Dropbox, 23andMe, Robinhood, Plaid, Opendoor, Instacart We will see, but big private valuations: Uber, Lyft, Pinterest, Coinbase, Instacart Then for NYC I would have: ZocDoc, Warby Parker, Classpass, and probably also Harry's, 1stdibbs, Lemonade, Compass, and Betterment. I'm sure I missed a few interesting ones, but I still think the current crop of SV companies established after 2004ish are on a different scale or tackling a bigger addressable market than the ones in NYC. Wallstreet is probably an even worse critic when a company is in its own back yard. I was at a Bloomberg event where the founder of Blue Apron was absolutely annihilated by the interviewer, and you could tell it was taking a toll on him mentally. Meanwhile, Evan Spiegel is in a similar situation and doesn't appear to have a care in the world out in LA.