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The primary reason of Stanford's success is the availability of high risk capital from local angels and VC firms. ATL has no such setup which prevents Tech's st
by hpagey 13y ago
The primary reason of Stanford's success is the availability of high risk capital from local angels and VC firms. ATL has no such setup which prevents Tech's startup environment from being like Stanford's. It will remain so for foreseeable future.
Also, most of the ATL companies are bootstrapped and there is no cultural of handing out liberal stock options. This greatly reduces the number of early stage investors created due to exit events.
Now, ATL is a great place to bootstrap and start B2B companies. But that requires certain work and life experience.
- michaelochurch 13y agoAlso, most of the ATL companies are bootstrapped and there is no cultural of handing out liberal stock options. Valley startups don't hand out liberal options, not anymore. Typical for a 20th employee is around 0.05%, which rarely makes up for what's lost by taking a below-market salary. (Plenty of Tumblr employees cashed out with less than a million.) Almost no one going into the VC-funded world now is going to get rich enough to become an angel investor. That ship sailed about ten years ago.
- kmassey 13y ago"ATL has no set up..." Please. See my comments above regarding angel investing in ATL and VC firms in GA, etc.