asterisk2a + alto   31

We’re gonna need a bigger round...
After 15 years of staggering declines, the cost of building a company in San Francisco is rising sharply // prohibitive! diluting too much too early. // China and other BRIC paper millionaers divesting into property speculators, around the world. every city that has seen substantial price appreciation +10-20% over last +5 years // hot money from monetary policy, excess reserves, flushing around the globe //
cost  of  entry  cost  of  living  living  standard  living  spaces  standard  of  living  city  living  commuting  London  Start-up  Scene  San  Francisco  burn  rate  runway  advice  lesson  urbanisation  urban  planning  Mountain  View  Palo  Alto  Redwood  growth  round  Venture  Capital  hunt  for  yield  FOMO  asset  allocation  asset  bubble  speculative  bubbles  property  bubble  hot-money  ZIRP  NIRP  QE  China  PBOC  2015  credit  bubble  Fed  ECB  BOJ  excess  reserves  economic  history  equity  bubble  bond  bubble  bubbles  speculative  speculation  Micro  VC  Limited  Partners  Angel  Investor  Seed  Party  valuation  globalization  globalisation  flat  world  borderless 
september 2015 by asterisk2a
Tech Stocks Rebound: Bloomberg West (Full Show 8/25) - YouTube
15:53 - you can build sw companies everywhere else. cost of living out of control as well dampens quality of life and standard of living. // lower burn rate, more time, more runway to find traction (product market fit) beyond MVP,
London  Start-up  Scene  San  Francisco  Palo  Alto  Bay  Area  Mountain  View  Oakland  Seattle  Portland  New  York  Scene  Los  Angeles  Scene  cost  of  living  cost  of  entry  cost  of  ownership  standard  of  living  living  standard  living  environment  noise  pollution  air  pollution  city  living  quality  of  life  urbanisation  urban  planning  California  public  transportation  commuting  well  being  chronic  stress  Oxidative  stress  stress  happiness  index  affordable  housing  social  housing  speculative  bubbles  speculative  speculation  Redwood  San  Jose  bootstraped  bootstrapping  bootstrapped  burn  rate  runway  Venture  Capital  growth  round  war  for  talent  lesson  advice 
august 2015 by asterisk2a
Why I'm Moving My Business From San Francisco to St. Louis | Need/Want
// one VC/Angel said, its not that you run out of money, you run out of time to find the magic that makes things for your product work, MVP, Product/Market Fit, that kick up in net promoter score, that multiple in q/q growth, etc etc. // If you’re trying to bootstrap, being based in San Francisco is awful. [ Same with London and New York followed by LA and Seattle. ] Cheap cities are startup friendly. [ don't opt for Edinburgh, if go to Glasgow or Manchester (which got already a small start-up scene plus Media City, Salford) ] We’re an internet company. We don’t need to be tied to a specific location. Hiring remote and having a distributed work force is far cheaper than hiring locally and making everyone come into an office. // &! bit.ly/1EvpTcY
San  Francisco  Palo  Alto  Mountain  View  growth  round  Google  Facebook  Venture  Capital  hunt  for  yield  Silicon  Valley  barriers  to  entry  cost  of  living  cost  of  entry  burn  rate  runway  Start-Up  lesson  Start-Up  advice  Seed  Angel  Investor  Micro  VC  bootstraped  bootstrapping  bootstrapped  New  York  Start-Up  Scene  London  Scene  Los  Angeles  Start-Up  Scene  asset  allocation  ZIRP  NIRP  QE  unintended  consequences  unknown  unkown  Taper  Unicorn  Decacorn  2015 
august 2015 by asterisk2a
Creative young Brits are quitting London for affordable Berlin | World news | The Guardian
More and more burnt-out Londoners are embracing the laid-back cool – and much lower cost of living – of the German capital [...] Her decision to leave London was mainly a financial one. “I was working seven days a week and paying £800 for a shared flat in Lewisham. We kept moving further and further into south-east London, until I felt I needed to leave entirely. I’m part of a big exodus; I know many people who have moved from east London to south-east London and then to Berlin. [...] Agora is one of many “co-working hubs” that have sprung up in the city, created for the ever-growing startup community (by 2020 an estimated 100,000 jobs are set to be generated by Berlin startups). Agora is one of many expat bubbles, catering to the ever-growing number of digital nomads. [...] I was just exhausted all the time. You go home to your expensive flat, but end up just sleeping in it, and then go back to work. There’s just more time here.” [...] In London, its office work, bars, sleep, repeat.
Manchester  Europe  Start-Up  Scene  ecosystem  Berlin  Start-Up  Scene  London  Scene  affordable  housing  quality  of  life  noise  pollution  air  pollution  well  being  happiness  index  chronic  stress  housing  market  social  housing  UK  living-standard  living  environment  standard  of  living  city  living  urbanisation  work  environment  4-day  work  week  6-hour  work  day  Start-Up  advice  barriers  to  entry  cost  of  living  cost  of  entry  Start-Up  lesson  San  Francisco  bootstraped  bootstrapping  bootstrapped  Silicon  Valley  New  York  Start-Up  Scene  Los  Angeles  Start-Up  Scene  Palo  Alto  Mountain  View 
august 2015 by asterisk2a
Facebook: Gewinn sinkt im zweiten Quartal deutlich - SPIEGEL ONLINE
[FB] kämpft mit hohen Kosten. Die Anleger reagierten skeptisch. // [ Hohe Kosten!? Was wie!? ] // [...] Die Ausgaben stiegen kräftig um 82 Prozent auf 2,8 Milliarden Dollar. Der Konzern hatte bereits eine Investitionsoffensive angekündigt: Er steckt unter anderem viel Geld in Rechenzentren. Facebook treibt außerdem die Werbung auf mobilen Geräten wie Smartphones oder Tablet-PCs voran. Auch Angebote wie der SMS-Ersatz WhatsApp oder der Fotodienst Instagram werden weiterentwickelt. Dass die Kosten so stark zulegen würden, hatten Analysten aber nicht kommen sehen. [ Cost of hiring more developers for WhatsApp and Instagram and building data centers ] [...] "Es war ein weiteres starkes Quartal für unsere Community", kommentierte Facebook-Chef Mark Zuckerberg die Zahlen. [ LOL, you mean for Wall Street ] &! 1.49bn MAU, 76% of advertising now from mobile! //&! bbc.in/1IsEOKj
Facebook  Silicon  Valley  burn  rate  runway  Palo  Alto  Mountain  View  London  Start-up  Scene  Venture  Capital  operations  Wall  Street  mainstreet.org  San  Francisco  war  for  talent 
july 2015 by asterisk2a
The only stat about unicorns that should worry Silicon Valley
Now theres a new reason 2 fear the ‘corn: They are insanely capital inefficient. And over the last year, they’ve gotten even more so at an alarming rate... // dead Unicorn (their own making) because of burn rate w expensive offices ('we are successful'), developers, aggressive drive ('acquiring market share in a new market') to acquire customers (and not even making the math long term - life time customer value), ... with each round they have 2 be more aggressive, especially with these liquidity preferences inked in, actually keeping the risk level instead of reducing/mitigating the risk. All 2 blow out the IPO & not end up lower on day 1/compared 2 the last growth round. Box couldnt make a higher valuation after day 1 post-IPO than their last growth round via Private Equity. Existing investors got diluted in order to meet last rounds term sheet liquidity preferences/guarantees. // &! Either u risk more, or the other (competition) will, will outspend, overtake u. &! bit.ly/1Ji536P
burn  rate  Unicorn  Decacorn  runway  Silicon  Valley  growth  round  San  Francisco  Palo  Alto  Bill  Gurley  Start-Up  lesson  Start-Up  advice  Blue  Ocean  Venture  Capital  termsheet  liquidation  preferences  SPV  Mutual  Fund  Private  Equity  IPO 
july 2015 by asterisk2a
Sacca: Bad Deals Are Being Done in Silicon Valley - Bloomberg Business
min 3 - normal people have been prices out of SV, SF, Palo Alto and around the region. sw engineers with entitelment and very little compassion. // bloom.bg/1I8NCAM &! bloom.bg/1Hzb5za &! bloom.bg/1BaVBji &! bloom.bg/1Fd2zQf (Amazon, Fb, Google, eBay, all had cash flow during its growth past IPO, Twitter ops too expensive compared to scale, living beyond its means. does not need to invest in warehouses (Amazon) nor data centers (Google)) // &! bloom.bg/1e8mFGd &! bloom.bg/1L2Accs &! bloom.bg/1INBZ7N &! bloom.bg/1TgmWqi &! http://lowercasecapital.com/2015/06/03/what-twitter-can-be-2/ &! http://lowercasecapital.com/2015/05/21/i-bleed-aqua/ - Sarah Lacy from pando argues, he bleeds green - pando.com/2015/06/11/the-icahn-was-coming-from-inside-the-house-why-dick-costolos-ouster-changes-the-valley/ &! pando.com/2015/06/12/im-more-similar-to-elon-the-5-silliest-things-chris-sacca-said-yesterday/
Chris  Sacca  Silicon  Valley  ecosystem  Twitter  runway  burn  rate  cash  flow  business  model  San  Francisco  Palo  Alto  hunt  for  yield  distortion  growth  round  SPV  Hedge  Fund  Mutual  Fund  late-stage  funding  Private  Market  Private  Equity  ZIRP  NIRP  QE  cash-is-king  Bill  Gurley  Unicorn  Hype  Cycle  inflation  Venture  Capital  Micro  VC  Angel  Investor  war  for  talent 
june 2015 by asterisk2a
How Silicon Valley’s counterculture went corporate and ruined everything | PandoDaily
Politicians, entrepreneurs, artists, activists, hippies, and corporations all working together to make the world a better place? In 2015, that arrangement seems unthinkable. So where did the dream of tech-powered togetherness go wrong? [...] [...] // As of last November, the median rent for a one-bedroom apartment in San Francisco was $3,350 [£2200]. [...] So contrary to Gosney’s and Archer’s dream of a techno-utopia that benefits every slice of San Francisco’s population, the tech boom — along with various city statutes that limit residential housing — have made it harder than ever for artists and other members of the counterculture to live in the city. These are the very people, mind you, who helped spark the region’s technological revolution. And that’s saying nothing of the struggles felt by teachers, social workers and other non-tech workers struggling to stay afloat as housing prices skyrocket. [...] [C]ity officials and outdated statutes are as much to blame as tech companies
Silicon  Valley  Wall  Street  IPO  shareholder  value  profit  maximisation  Start-Up  lesson  Start-Up  advice  idealism  subculture  counter  culture  San  Francisco  Palo  Alto  Mountain  View  Patriarchy  abuse  of  power  white  male  privilege  democracy  inequality  male  privilege  jock  culture  brogrammer  Campus  gender-based  harassment  gender-based  discrimination  Misogynie  misogyny  everyday  sexism  sexism  sexismus  social  discrimination  Gini  coefficient  Career  Politicians  gender  politics  gender  pay  gap  gender  policing  STEM  Women  in  Tech  Super  Rich  1%  California  empathy  Apple  sociopath  Google  Uber  Techopus  Facebook  Meta  Data  Big  Data  Internet  Privacy  Privacy  confirmation  bias  bias  gender  bias  stereotype  prejudice  filter  bubble  Venture  Capital  minority  exploitation  stakeholder  asshole  culture  asshole  game 
february 2015 by asterisk2a
The Startup Advice You Don’t Hear Inside The Echo Chamber | TechCrunch
“The way to get startup ideas is…to look for problems, preferably problems you have yourself.” [...] As Paul Graham points out, solving a problem that you yourself have ensures that the problem exists. It guarantees empathy for your user. This advice is useful for optimizing a startup’s chances of success, but in the context of a tight-knit entrepreneurial community like Silicon Valley, solving your own problems can turn into an echo chamber. Tight-knit communities can serve as an incubator for product ideas. [...] “When you solve your own problem, you create a tool that you‘re passionate about. And passion is key.” [...] You need to be personally invested in some way. [...] you need to care about it. // &! http://pando.com/2015/01/29/startups-anonymous-serial-entrepreneurs-have-a-problem-with-shiny-red-balls-and-thats-okay/ "And, therein lies the problem with focus. Excitement tends to fade, where passion often remains."
Silicon  Valley  SF  San  Francisco  Start-Up  advice  Palo  Alto  Mountain  View  Start-Up  lesson  marginal  cost  Software  Is  Eating  The  World 
january 2015 by asterisk2a
Foreign Founders Should Look Beyond Silicon Valley | TechCrunch
Put your start-up tent up at expensive places = less runway for your start-up = competitive disadvantage (burn rate). To get a MVP minimally viable product out the door, you don't need a $120k/y full-stack dev, for 90% of "ideas," Start-ups fail because they run out of time (= money to pay bills) to find traction, the formula for their "idea." Sure, there are bad ideas. But sometimes you need time to fix all the problems and test and optimise etc etc. A marathon of sprints. // "Burning Money For The Roof Above Your Head" &! So Silicon Valley is an extraordinarily competitive and expensive place to hire; the risks are high for you as a founder – and yet you have to hire faster than you ever have. Candidates are gone if you don’t catch them in a day. &! RE TECHCITY UK - RETS ARE ALREADY WAY UP IN THE AREA AND LONDON IS EXPENSIVE. AS IS NY. AND LA IS AWEFUL, always in the car and the pollution. // http://techcrunch.com/2014/04/14/sf-housing/
Silicon  Valley  Start-Up  lesson  Start-Up  advice  Berlin  Start-Up  Scene  Europe  Start-Up  Scene  London  Scene  burn  rate  runway  Venture  Capital  seedround  seedfunding  angelinvestor  angelinvestors  San  Francisco  Palo  Alto  San  Jose  Mountain  View  war  for  talent  New  York  Start-Up  Scene  Los  Angeles  Start-Up  Scene 
january 2015 by asterisk2a
Andreessen: High burn rates risk more than just running out of cash | PandoDaily
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation  Fred  Wilson  AVC  bootstrapped  bootstrapping  growth  round  Expenditure  Fab.com  sustainability  sustainable  a16z  Marc  Andreessen  Ben  Horowitz  SF  war  for  talent  labour  economics  labour  market 
september 2014 by asterisk2a
Winter Is (Probably) Coming (Soon) | TechCrunch
"The more you boost your burn, the more risk you take on. [...] The underlying point of Gurley’s and Wilson’s respective riffs is that many companies will have to reduce their burn in the future. And it won’t be easy. And the pair likely won’t be willing to give larger sums to companies that just torched their prior round in ways that they didn’t precisely approve of. Cash is the oxygen of business. When it runs out, the company dies." ... being nimble, frugal, Lean, conservative ... via https://news.ycombinator.com/item?id=8338411
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation  Fred  Wilson  AVC  bootstrapped  bootstrapping  growth  round  Expenditure  Fab.com  sustainability  sustainable 
september 2014 by asterisk2a
Burn Baby Burn – AVC
From one of the comments: "f you're backing companies that have bootstrapped their start, you get a different, focussed culture & attitude on burn rates and costs. It forces you to think twice about every cost item. You're running as fast as you can to get traction, customers, product, team, everything aligned within tight costs. It's not about frugality but more aligned to reality. " +++ via https://news.ycombinator.com/item?id=8324047 +++ !!! Fancy Offices - bit.ly/1piSnxO +++ !!! +++ "Gurley and Wilson point to sky high burn rates, not valuations as the red flag in Silicon Valley [...] Gurley and Wilson are lamenting the exorbitant burn rates that have become the norm among venture-backed startups and the lack of fear and accountability signaled by this hyper-aggressive approach." - bit.ly/1m93G0M +++ !!! +++ bit.ly/YQY2WS +++ !!! +++ "Which VCs Have the Most Portfolio Companies with $100M+ of Funding?" - bit.ly/1wo7BHF
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation  Fred  Wilson  AVC  bootstrapped  bootstrapping  growth  round  Expenditure  Fab.com  sustainability  sustainable 
september 2014 by asterisk2a
Venture Capitalist Sounds Alarm on Silicon Valley Risk - WSJ
"Be fearful when others are greedy and greedy when others are fearful." And then you wrote: "Although we may have not reached the level of observing obvious greediness, there is most certainly an absence of fear. Those that managed companies in 2008, or 13 years ago in 2001, know exactly how fear feels. And this is not it." [...] Right now youve got private companies raising $200, $400, $500 million. If youre in a competitive ecosystem & you raise that amount of money, the only way you use it—because these companies are all human-based, theyre not like building stores—is to take your burn up. [2 things: exorbitant high burn rates like '99 & the allure of working for $ loosing companies. &the justification is 'it's Landgrab time,it's still day 1'] &living cost, employee cost &perk &rent cost in SV/SF &surroundings isnt helping either. rising cost is fuelling burn rates &valuations w/ big ABC-Rounds. Didnt we have the glorification of Lean ~3 years ago? A bubble is one WHEN IT POPS!
Bill  Gurley  Venture  Capital  hunt  for  yield  ZIRP  NIRP  QE  negative  real  interest  rate  equity  bubble  asset  bubble  bubble  speculative  bubbles  bubbles  Silicon  Valley  burn  rate  runway  Start-Up  advice  Lean  Start-Up  Start-Up  lesson  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  New  York  Start-Up  Scene  cost  of  living  living  standard  living  spaces  living  environment  standard  of  living  Benchmark  Capital  San  Francisco  Palo  Alto  distortion  risk  taking  centralbanks  trust  trustagent  confidence  Wall  Street  Taper  discounting  risk  discounted  risk  risk  discount  timing  business  cycle  financial  cycle  GFC  unintended  consequences  unknown  unkown  unknown  unknowns  cash  flow  business  model  monetization  monetisation 
september 2014 by asterisk2a
Silicon Valley has evolved -- it’s not about startups anymore | VentureBeat | Entrepreneur | by Armando Biondi, AdEspresso
The consequence? Silicon Valley is no longer the best place to start a company (unless you’ve already been living there for a while now, of course) because everywhere else is. And “everywhere else” is the rest of the world — with cheaper talent, lower cost of living, and good access to initial capital as well — but also the rest of the U.S. outside of the tech hubs. Whether that’s good or bad, I don’t know. But it’s something you need to be aware of. That has been my advice lately to a few people asking for perspective from a guy who comes from Europe but has spent the last few years in the Valley. It’s a wonderful place, but it’s a very challenging one also. So if you’re starting something today, DO NOT come to Silicon Valley right away. It’s less expensive, less risky, and probably easier to start somewhere else, due to less competition. +++ https://news.ycombinator.com/item?id=8182828 San Francisco Office Rents Seen Topping Manhattan in 2015 (bloomberg.com)
Silicon  Valley  Start-Up  advice  Start-Up  lesson  San  Francisco  war  for  talent  barriers  to  entry  scaling  scale  economies  of  agglomeration  economies  of  scale  Berlin  Start-Up  Scene  Europe  Start-Up  Scene  Lean  Start-Up  Mountain  View  Palo  Alto  Venture  Capital  Networking 
august 2014 by asterisk2a
Woman Livetweets IBM Execs Discussing Why They Don't Hire Women
+ PINTEREST >> http://www.reddit.com/r/FemmeThoughts/comments/2brq4m/pinterest_just_hired_the_man_behind_axes/ &&& http://techcrunch.com/2014/07/24/women-use-pinterest-but-they-dont-run-it/ + ACADEMIA >> http://www.reddit.com/r/FemmeThoughts/comments/2bw3c5/how_subtle_and_benevolent_biases_undermine_womens/ ++ http://blogs.scientificamerican.com/psysociety/2013/04/02/benevolent-sexism/ "We define benevolent sexism as a set of interrelated attitudes toward women that are sexist in terms of viewing women stereotypically and in restricted roles but that are subjectively positive in feeling tone (for the perceiver) and also tend to elicit behaviors typically categorized as prosocial (e.g., helping) or intimacy-seeking (e.g., self-disclosure) (Glick & Fiske, 1996, p. 491)." +++ http://techcrunch.com/2014/07/31/ebay-reports-more-diverse-staff-than-other-tech-companies/
IBM  everyday  sexism  sexism  sexismus  Misogynie  misogyny  Pinterest  academia  ethnic  minority  minority  diversity  San  Francisco  Silicon  Valley  Mountain  View  Palo  Alto  Women  in  Tech  brogrammer  Female  Founders  womens  sport  stereotype  bias  gender  bias  boxes  labels  label  masculinity  jock  culture  Campus  HR  human  resources  corporate  governance  corporate  values  corporate  culture  personal  values  subconscious  peer  pressure  gender  inequality  gender-based  harassment  gender-based  discrimination  gender  politics  gender  policing  gender  equality  gender  role  gender  norms  gender  discrimination  gender  gap  gender  conforming  gender  non-conforming  benevolent  sexism  subjective  STEM  ebay 
august 2014 by asterisk2a
The Pressures Driving Adaptive Re-Use and Silicon Valley’s Strange Reverse Commute | TechCrunch
[... It wouldnt be all that bad if public transportation and infrastructure would be up to par with the ambitions of the inhabitants ...] If the city doesn’t revisit the caps, there will continue to be intense pressure and competition for existing space in old buildings, which will push out lower paying tenants. Tech may spill over into Oakland’s downtown district, where office vacancy rates hover at 15.5 percent compared to San Francisco’s 10.6 percent rate, which is the lowest nationwide behind New York and Portland. If current trends hold, commercial real estate firm Cassidy Turley says San Francisco’s vacancy rates may dip to 5 percent by year-end, driving rents higher. If the city does revisit the caps — which will not affect office supply for years in any case – the region will have to figure out housing for all those workers too. Tough choices loom ahead.
San  Francisco  Silicon  Valley  Palo  Alto  Mountain  View  Gentrified  gentrification  urban  planning  urbanisation  Oakland  infrastructure  investment  infrastructure  public  transportation  Policy  Makers  Career  Politicians 
july 2014 by asterisk2a
SherpaVentures raises $154M maiden fund to offer a fresh take to value-added venture | PandoDaily
[ #building blocks, pillars - created out of necessity. ] But despite their influence, there’s limits to the bandwidth that Pishevar and Stanford have to serve their portfolio companies. With this in mind, the pair founded SherpaFoundry as a standalone consultancy alongside SherpaVentures. The advisory and incubation arm is led by a former Johnson & Johnson Tina Sharkey as its CEO. Unlike the portfolio services groups within other top VC firms, the idea at SherpaFoundry isn’t to help startups with marketing, PR, recruiting, or accounting, all services which Stanford points out are readily available in the broader Silicon Valley ecosystem. Rather, this concierge-like group exists entirely to add more abstract but higher impact value through strategy consulting, business development, and out-of-the-box recruiting. SherpaFoundry is separately capitalized will be compensated for its work through a mix of equity and cash. The group may even work with non-SherpaVentures companies.
Venture  Capital  a16z  ecosystem  San  Francisco  Silicon  Valley  Palo  Alto  Berlin  Start-Up  Scene  London  Scene  Europe  Start-Up  Scene  Los  Angeles  Start-Up  Scene  New  York  Start-Up  Scene  infrastructure  Start-Up  lesson  Start-Up  advice 
july 2014 by asterisk2a
“Silicon Alley” is done, but New York is rising | PandoDaily
I’ve spent years traveling to startup hubs — both aspirational and actual ones — in most states in the US and at least 15 countries around the world. I’ve found an inverse relationship with a place having a Silicon-themed nickname and actually thriving as a startup ecosystem. In the rare cases where a place that calls itself “Silicon whatever” does tend to produce great startups at a regular pace, something interesting happens. It tends to stop calling itself by that name.
Silicon  Valley  Palo  Alto  Berlin  Start-Up  Scene  London  Scene  Silicon  Roundabout  Europe  Start-Up  Scene  Los  Angeles  Start-Up  Scene  New  York  Start-Up  Scene  Silicon  Alley  San  Francisco  history  economic  history  East  London  Tech  City  Politics  Career  Politicians  infrastructure  Structural  Impediments  imbalance  lobby  Lobbying  lobbyist  interest  groups  industrial  policy 
july 2014 by asterisk2a
Is everything we know about what makes a good VC just wrong? | PandoDaily
Still, I’ve heard that idea — operational experience as the mark of a great investor — countless times in the past twelve months. As a founder, I resonate with everything everyone says about good and bad investors on an emotional level. I used to think entrepreneurs were too whiney about interfering board members and VCs. Guys, they gave you millions of dollars to build your dream with no obligation on the downside should you completely blow it and lose it all! You think they shouldn’t have a say in the company? But I get it now. I can’t tell you how times in the past two and a half years I’ve said the words “easier said than done.” The worst conversations are ones where investors say something like: “Have you thought about hiring a world class sales guy?” [...] THERE IS NO 'apply this' PLAYBOOK. [VC's & Co are in THE SERVICE BUSINESS. Entrepreneurs are their customers. LPs ar their shareholders.]
Start-Up  lesson  Start-Up  advice  Venture  Capital  angelinvestor  openangelforum  angel-list  angelinvestors  VC  seedround  seedfunding  execution  Silicon  Valley  Palo  Alto 
july 2014 by asterisk2a
- Startups - George Zachary of Charles River Ventures - TWiST #237 - YouTube
interesting point about deflationary pressures ... ... min 59 - re-training of workforce - for the workplaces of the future. // min 1:00:00 social divide between the havs and the havs not. // education has to marry (50/50) liberal arts and practical skill sets for the future. mandatory will have to be technology basics and programming intro.
deflation  deflationary  technological  history  technological  progress  skill-biased  technological  change  ZIRP  NIRP  hunt  for  yield  asset  bubble  volatility  Fed  BOE  ECB  BOJ  QE  flat  world  globalisation  globalization  competitive  advantage  offshoring  outsourcing  comparative  advantage  comparative-advantage  competitiveness  education  policy  Debt  Super  Cycle  CAPEX  competitive  knowledge  worker  White-collar  Blue-collar  Year  of  Code  war  for  talent  San  Francisco  Silicon  Valley  Mobile  Creative  Mobile  Creatives  Venture  Capital  VC  workplace  workforce  Charles  River  Ventures  urbanisation  urban  planning  Los  Angeles  Start-Up  Scene  New  York  Start-Up  Scene  Palo  Alto  Public  Career  Politicians  Politics  transparency  communication  language  Vision  accountability  Berlin  Start-Up  Scene  Europe  Start-Up  Scene  Start-Up  lesson  Start-Up  advice  Lean  Start-Up  immigration  emigration  long-term  thinking  long-term  view  society  social  mobility  income  mobility  leadership  education  MOOC  practical  skills  practical  skill  set 
july 2014 by asterisk2a
Tinder highlights tech world’s frat-pack culture - FT.com
! GREAT ARTICLE by Tett ! tip of the iceberg. "money and hubris is involved." - Sheryl Sandberg's 'book for the white, privileged & entitled ivy league girls' is a drop in the ocean. Instead of having girls getting a beautician degree at college for the service industry; fighting the hard fight/competing head to head for little pie there is *http://youtu.be/p6taTMa4nls || - http://www.theguardian.com/commentisfree/2014/jul/02/tinder-sexual-harassment-silicon-valley-sexism - Tinder's sexual harassment scandal is not a surprise. It's another wake-up call How many Silicon Valley sexism stories must we endure before 'entrepreneurs' get serious about diversity? + http://www.theguardian.com/technology/2014/jun/28/silicon-valley-startup-failure-culture-success-myth + http://www.theguardian.com/technology/2014/jul/02/silicon-valley-sexism-tinder-culture-women-ageism + https://news.vice.com/article/tinder-co-founders-lawsuit-reflects-tech-industrys-rampant-sexism
Women  in  Tech  Tinder  gender-based  harassment  gender-based  discrimination  gender  bias  gender  politics  gender  policing  STEM  jock  culture  Campus  parenting  childhood  childhood  development  everyday  sexism  sexism  sexismus  body  image  gossip  culture  gossip  Tabloid  celebrity  culture  Silicon  Valley  diversity  Facebook  Google  Yahoo!  sexual  harassment  bias  stereotype  glass  ceiling  feminism  feminist  Glossy  Magazine  skill-biased  technological  change  knowledge  worker  White-collar  Blue-collar  Mobile  Creative  Mobile  Creatives  college  career  advice  Year  of  Code  university  Sheryl  Sandberg  white  male  privilege  entitlement  male  privilege  privilege  Privileged  gender  inequality  inequality  income  mobility  social  mobility  gender  equality  gender  discrimination  gender  gap  discrimination  Female  Founders  womens  sport  Palo  Alto  San  Francisco  meritocracy  corporate  culture  corporate  governance  storytelling  hubris  Venture  Capital  angelinvestor  hunt  for  yield 
july 2014 by asterisk2a
Drowning in venture capital, mobile startups are waging unsustainable price wars | PandoDaily
upside of this up-cycle/up-business cycle? everyone with a little bit of chops and a MVP with little bit of traction can get capital. Downside? Everyone spends their capital. Would never happen in a down cycle. Down cycles are great, you've got more time to build a great team, product and brand. .... "[L]ook at ecommerce 2.0 companies like Fab and EcoMom who blew millions in capital acquiring customers at unsustainable rates, hoping for some magic lifetime customer value to justify the spending. (It didn’t.) “There’s a tension between growing fast enough and having a disastrous bottom line,” Jeff Clavier, Founder of SoftTech VC, says. Clavier was an early investor in Fab, among others playing this game. “If you don’t have growth you’re stuck, but if you have growth with economics not viable in the long term, [you’re making] a real bet that you’ll be funded nevertheless.” [...] companies aren’t developing a sustainable business model. [Freemium works better with Software Product.]
Start-Up  lesson  Start-Up  advice  Lean  Start-Up  VC  Venture  Capital  hunt  for  yield  growth  round  Uber  Lyft  Fab.com  sustainable  sustainability  customer  acquisition  customer  retention  2014  asset  bubble  bubble  Silicon  Valley  Palo  Alto  San  Francisco  business  model  business  plan  user  experience  user  expectations  Amazon  Zappos  free  freemium  SAAS  on-demand  mobile  services  Industry  mobile  first  Uber  for  X  Groupon  Berlin  Start-Up  Scene  Europe  Start-Up  Scene  London  Start-Up  Scene  me  too  price  war  commoditization  commodity  business  differentiation  differentiate  brand  brands  branding  indefensible  values  defensible  values  business  management  management  economics  frictionless  friction  rackspace  training  your  customer  growth  crutch  growth  hacker  traction  Value  Proposition  long-term  thinking  long-term  view 
july 2014 by asterisk2a
David Friedberg: Most Entrepreneurs are Not Rock Stars - YouTube
there is a feedback loop between VC's (capital) and Press/Reporting/Lack of Original Reporting; former want's to find and pick the needle in the hay stack and put that badge on his jacket and wear it for life carrying it everywhere he/she goes, the latter wants to be the one seeing and reporting the the needle in the hay stack and wants to be able to always link to it back when he/she covers the exit in what form it may ever be. Having that on record. And then there are those that read all that crap about the former and the latter. ||| Brad Feld: Why Are You Doing It? - https://www.youtube.com/watch?v=1cIe2dCe6Cs
Silicon  Valley  entrepreneur  entrepreneurship  Fetish  San  Francisco  Palo  Alto  outlier  vision  mission  heart  passion  Brad  Feld  book  Journalism  journalismus  investigative  incentive 
june 2014 by asterisk2a
The U.S. Secretary of Commerce: We are nowhere with immigration and the clock is ticking | PandoDaily
Unfortunately, the clock is ticking and the competition in the entrepreneurial space is fierce. ... + SF and surroundings housing issues. price on talent. + Broadband oligopoly, + revolving door's in Washington, + health care & co, sick pay, holidays, child care, education (non-private), ... << lots of stuff that isn't big on employee benefits, ... >>> if it gets too cold in winter we can go to spain in december (just rent out a whole hotel). --- Europe - free place to travel and work. And other non-EU talent you can get a permit for; http://www.workpermit.com/germany/requirements_for_work_permit.htm - http://www.bund.de/EN/Working-In-Germany/Work-Permit/Work-Permit_node.html - http://www.auswaertiges-amt.de/EN/EinreiseUndAufenthalt/StaatenlisteVisumpflicht_node.html
Silicon  Valley  Palo  Alto  Berlin  Start-Up  Scene  Europe  Start-Up  Scene  London  economies  of  agglomeration  Los  Angeles  Start-Up  Scene  New  York  Start-Up  Scene  immigration  Germany  Visa  USA 
june 2014 by asterisk2a
Hedge Fund Boss: "We Are Witnessing Our Second Tech Bubble"
+ http://www.nytimes.com/2014/04/27/magazine/if-a-bubble-bursts-in-palo-alto-does-it-make-a-sound.html "There are hundreds more examples of big companies spending eye-watering sums for acquisitions, firms going public at fat valuations, tech stocks reaching high highs and venture-capital firms tossing money at start-ups. That’s not to mention the cultural afterbirth of all that cash, from the medieval-themed weddings to the office ball pits. (If HBO sees fit to satirize your corner of the economy, things have probably gone a bit weird.) Meanwhile, the rest of the country slouches along, unemployment high, wages stagnant, credit tight. But Silicon Valley feels like a foam party." [...] “Valuations are at extreme levels because you cannot get a decent return on your money doing anything else,”
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april 2014 by asterisk2a

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