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Can’t help but feel like they could literally just take a trip outside SV and get: 1. Easier access to deal flow 2. Lower valuations 3. Less competition If

by auston 7y ago

Can’t help but feel like they could literally just take a trip outside SV and get: 1. Easier access to deal flow 2. Lower valuations 3. Less competition If any VCs are interested, HMU I can show you strong deals your peers saw way before you because they looked @ Miami + deals your peers haven’t seen because I live here & I am plugged in.

lazzlazzlazz 7y ago
I'm a fan of Miami, and I don't mean this as a dig: could you point at some venture-sized exits from Miami, especially ones that SV VCs seem to have missed/been late to?
- TuringNYC 7y ago
  That seems like an unfair question -- how can any city be expected to generate venture sized exits before the money even rolls in? SF/SV have generated the exits they have after decades of continued investment.
  - lazzlazzlazz 7y ago
    Maybe you missed my disclaimer. The question wasn't intended as a dig, just a request for information.
- auston 7y ago
  Off the top companies that were acquired after their first round: eBuilder | raised $8.4m -> sold $500m Chewy.com | raised $450m -> IPO $8.7b BelugaCDN | undisclosed acquired by SSL provider Comodo Willing.com | raised $7.1m -> acquired by Life Insurance provider MetLife Octopi | undisclosed acquired by CargoTec (logistics company) LiveNinja | raised $3m -> acquired by Net2Phone If we go by funding round/private valuation: Magic Leap (I saw the founder pre ML @ local meetups) REEF technologies (saw them as a competitor for years on a side project before SoftBank dumped $100m in) Papa (met the founder a few times pre YC) OnSwipe (saw it before Yuri Milner invested after the company moved to NY) There’s not a lot of them BUT they are super easy to get to & write checks into if you’re here. Email is in my profile if you want access to a few that are still easy access / low valuation.
fludlight 7y ago
A trip to the east bay also yields all of those things, but traffic is brutal so VCs stay in SF & the peninsula.

by auston 7y ago

lazzlazzlazz 7y ago

I'm a fan of Miami, and I don't mean this as a dig: could you point at some venture-sized exits from Miami, especially ones that SV VCs seem to have missed/been late to?

TuringNYC 7y ago
That seems like an unfair question -- how can any city be expected to generate venture sized exits before the money even rolls in? SF/SV have generated the exits they have after decades of continued investment.
- lazzlazzlazz 7y ago
  Maybe you missed my disclaimer. The question wasn't intended as a dig, just a request for information.
auston 7y ago
Off the top companies that were acquired after their first round: eBuilder | raised $8.4m -> sold $500m Chewy.com | raised $450m -> IPO $8.7b BelugaCDN | undisclosed acquired by SSL provider Comodo Willing.com | raised $7.1m -> acquired by Life Insurance provider MetLife Octopi | undisclosed acquired by CargoTec (logistics company) LiveNinja | raised $3m -> acquired by Net2Phone If we go by funding round/private valuation: Magic Leap (I saw the founder pre ML @ local meetups) REEF technologies (saw them as a competitor for years on a side project before SoftBank dumped $100m in) Papa (met the founder a few times pre YC) OnSwipe (saw it before Yuri Milner invested after the company moved to NY) There’s not a lot of them BUT they are super easy to get to & write checks into if you’re here. Email is in my profile if you want access to a few that are still easy access / low valuation.

fludlight 7y ago

A trip to the east bay also yields all of those things, but traffic is brutal so VCs stay in SF & the peninsula.