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How is that backward? People from large companies do quit to create start-ups, and it usually happen in the same city/circles.
by t_zz 16y ago
How is that backward? People from large companies do quit to create start-ups, and it usually happen in the same city/circles.
- akharris 16y agoAgreed. more than that, though, what you need is a series of very successful exits to create entrepreneurs/early funders with the cash to fund the next generation. We're getting there, in NYC, but the numbers are still tiny compared to the west coast.
- jimboyoungblood 16y agoThere are many places where there are large tech companies but few startups. That's because the people who quit to do startups go to the Bay Area, which has a lot more to offer little companies. For instance, there are a lot of ex-Amazon employees doing startups in SF now. There's a reason they left Seattle, and it's not entirely due to the crappy weather.
- nostrademons 16y agoThe large tech companies are a big part of the Bay Area startup ecosystem, though. Both as training grounds for future entrepreneurs, and as potential acquirers with lots of cash, and as research shops that create the fundamental technologies that entrepreneurs exploit. Necessary but not sufficient conditions. A bunch of big companies by themselves do not make a viable startup ecosystem. A startup ecosystem without the big companies won't get off the ground, though.