2 ms·
his point about the work ethic being a strong point rings for me. chris wanstrath is from cincinnati, ohio and pj hyett is from north dakota. the midwest would
by MarkPNeyer 15y ago
his point about the work ethic being a strong point rings for me. chris wanstrath is from cincinnati, ohio and pj hyett is from north dakota.
the midwest would be a great place to build startups, as long as you tailored them to the pragmatic mentality there.
for example, what i'd like to do if i get the money to become an angel investor is start something like an incubator there, but do it differently. instead of buying a small amount of equity in a team to work on their cool idea for a location-based mobile social realtime group deal game platform service API framework, i would pay people a decent salary (which is still significantly lower than a startup salary in silicon valley) to work on building niche services for particular established industries. as they worked, they would gain equity that would provide dividends. i would position this company primarily as an alternative to college - you'd get paid in both salary and equity to learn to program, instead of putting yourself tens of thousands of dollars in debt to study amortized analysis of fibonacci heaps - which is awesome but kind of impractical at the moment.
so instead of building a generalized web analytics platform and trying to compete in that large space, build a platform tailored to the construction industry, with feedback and metrics designed just for them. couple it with an ipad app for foremen and you have a product that will never be the next google, but can earn money from day one.
if you can develop a reputation for building lots of profitable companies that serve real needs (something else midwesterns are big on), you could attract a lot of funding from investors in the area (they do exist) who are more interested in serving human need than earning lots of money.