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The question is: is there something in silicon valley that makes startups more successful here? If there is, then the companies you fund will be working against
by sgman 18y ago
The question is: is there something in silicon valley that makes startups more successful here? If there is, then the companies you fund will be working against competitors that have a significant advantage over them. I don't think a sample size of 30 is large enough to answer this question one way or the other. Therefore, while the initial prototype requires minimum investment, it likely will not give you the information you need to decide whether to continue with the program or not.
- pg 18y agoThere definitely is. The question is whether a free million dollars would be enough to compensate or not. It's interesting we're even unsure of that. It means we're at least considering the possibility that merely being in the Valley is worth a million dollars to an early stage startup.
- cperciva 18y agoIt means we're at least considering the possibility that merely being in the Valley is worth a million dollars to an early stage startup. Close, but not quite -- we're considering whether staying in the Valley is worth a million dollars. It might be that being in the Valley is worth far less than staying in the Valley simply because moving sucks so much... even if you're not "tied down", it's still a couple weeks of packing/travelling/looking for an apartment/unpacking/figuring out your way around a new city/etc which could be spent coding.