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The farther a VC-backed company is from its VC, the more likely it is to succeed
- Vitaly 15y agoVCs usually invest locally, unless they find something really promising. Can this explain the fact that non local investments have better outcomes? ;)
- smoyer 15y agoWhen I see a scribd.com link, I already know it won't be worth the horrendous load time and unresponsive UI. Perhaps the "l" in tl;dr should also refer to load time?
- daleharvey 15y agocompared to any other pdf viewer around I am glad of its speedy loading Annoying that it breaks the back button though
- smoyer 15y agoI don't have a problem viewing PDF files in Chrome ... It loads quickly and format issues are rare.
- kevinpet 15y agoPaper's page is http://hbswk.hbs.edu/item/6234.html http://hbswk.hbs.edu/item/6234.html Abstract "We document geographic concentration by both venture capital firms and venture capital-financed companies in three cities - San Francisco, Boston, and New York. We find that firms open new satellite offices based on the success rate of venture capital-backed investments in an area. Geography is also significantly related to outcomes. Venture capital firms based in locales that are venture capital centers outperform, regardless of the stage of the investment. Ironically, this outperformance arises from outsized performance outside of the venture capital firms' office locations, including in peripheral locations. Outperformance of non-local investments suggests that policy makers in regions without local venture capitalists might want to mitigate costs associated with established venture capitalists investing in their geographies rather than encouraging the establishment of new venture capital firms. 42 pages." Direct link to PDF is http://www.hbs.edu/research/pdf/09-143.pdf http://www.hbs.edu/research/pdf/09-143.pdf
- davidtyleryork 15y agoOK, so, aside from Scribd, I think this is a pretty cool article. let's talk about that?
- smoyer 15y agoSorry ... And you're right. My biggest take-aways are that, as an entrepreneur, you really don't need to move (assuming you can find the talent you need), and that you should find investors outside your geographical area. More importantly, I'm not convinced that your company should have a geographical area. You can partner with anyone you want and the tools exist to replace the typical company's face-to-face interactions.
- drats 15y agoScribd would be acceptable if the download link actually worked without a login. As it is I am highly tempted to flag links using the service. Even blogspam usually gives you a link to the original.