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OK You've got a point. But let us say only 20% of the applicants stay in Atlanta. That's 4 more than otherwise would. Also, as I said before, once you pass the
by ajju 18y ago
OK You've got a point. But let us say only 20% of the applicants stay in Atlanta. That's 4 more than otherwise would. Also, as I said before, once you pass the seed stage, it's easier (but not valley easy) to get the $1M you mention in "Can you Buy a Silicon Valley". It will help long term.
Basically, if we could at least get the ease of raising seed funding in Atlanta at parity with the ease of raising 1st round for a startup with revenues, it would be a significant win for us.
I do agree with you that if there were more VCs funding at the $1M level in Atlanta, we could keep all the Shotput applicants here and maybe a bunch of startups would move from across the country to Atlanta. But since politicians are unlikely to be as enlightened as making the $1B investment you mention in your essay would require, we'll have to attract private investors. If 1 of those 4 startups has a big successful exit, we'll probably get 1 more large fund to come to Atlanta.
- pg 18y agoBut let us say only 20% of the applicants stay in Atlanta. This assumption is off by an order of magnitude. YC funded 61 startups in Boston. Only 3 are still there, and 1 of those is talking about moving to SV. So the assumption should be more like 2-3%.
- ajju 18y agoI was basing it off the 4/20 TechStars number but o.k. This is getting me depressed. I am off to go write some code to work it off!