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Just guessing, but it's almost like you have to have an initial "wave" of entrepreneurs that work hard, make it happen, sell or flip, then stay in the area and

Just guessing, but it's almost like you have to have an initial "wave" of entrepreneurs that work hard, make it happen, sell or flip, then stay in the area and want to get into something interesting. The Valley has an advantage here, because you can start, grow, then flip to Google and never leave home. Then when you finally cash out you're still in the same spot. I think RTP (and a lot of other places) are going to have to count on startups that don't end up moving out of town. That's going to be tough to do, but it's possible. The atmosphere for startups worldwide just keeps getting better and better. It's a numbers game.

mindcrime 15y ago
Just guessing, but it's almost like you have to have an initial "wave" of entrepreneurs that work hard, make it happen, sell or flip, then stay in the area and want to get into something interesting. Yeah. The phrase you sometimes hear people use here is "We need our own version of the Paypal Mafia." Strangely enough, there are a handful of locals who made big $$$ after the Red Hat IPO, but few of them seem to have chosen to become active investors afterwards. But something like that would help.. if a company like iContact were to go public and make a bunch of their founders wealthy, you'd like to hope they'd stay here and invest in the next round of startups. Time will tell, I suppose...