How important is location for establishing a startup?
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Date: July 18th, 2018 11:24 AM Author: Pale Fluffy Mother
If it's good enough, can you expect quality employees to come to you?
Can it actually be a draw vs establishing in a hub if it's a nice location even if it doesn't have a booming tech industry? Like say, SLO or Santa Barbara when most people work in SF or even LA. Would setting up shop in SLO/SB limit your company?
(http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36451625) |
Date: July 18th, 2018 6:02 PM Author: gay prole police squad
Depends on a million factors.
For starters -- what industry?
(http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36454791) |
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Date: July 18th, 2018 6:10 PM Author: gay prole police squad
Yes, startus exist in every industry.
Also, tech is not an identifiable industry.
Please be more specific.
(http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36454838) |
Date: August 14th, 2018 5:09 PM Author: charismatic parlor
pretty fucking important: http://www.paulgraham.com/startuphubs.html
http://www.paulgraham.com/hubs.html
this was written in 2007, and since then Austin and the NC research triangle have grown a lot, but most of the startup heirarchy is the same:
SV/SF >>>>>>>>>>>>>>> Boston, Austin, Seattle, Asheville Area in some order >>>>>>>>>>>>>>>>>> NYC >>>>>> rest of the country/who cares you’re going to fail.
if you’re doing this you shouldn’t have commitments that prevent you from moving and you should move to the bay if you want to maximize your chances of success, its that simple.
trying to take shortcuts and do anything remote in early stages is a recipe for disaster.
do yourself a favor and take the time to research questions like this before even starting. doing that will already put you ahead of probably half of startups. in an environment where you have maybe a 10% chance of success (maybe 25% if you have good advisors/investors like Paul Graham) everything counts.
(http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616660) |
Date: August 14th, 2018 5:22 PM Author: Bespoke violet factory reset button
LJL at ever using VC to leech from you every step of the way
Just do grow slow. Demand excellence, take your time hiring. Speed is overrated.
(http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616741) |
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Date: August 14th, 2018 5:33 PM Author: charismatic parlor
VCs are still a necessary evil for now, but as startups get cheaper and cheaper and super angels become more of a thing they’ll have less and less power.
sounds like founder should’ve been more careful about his decisions. you dont give VCs a position and try to limit their share of the company. Most will ask for bort seats but as long as you have majority control and are making money 1. they won’t bother you and 2. they won’t be able to do anything even if they want to (other than pull funding).
(http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616812) |
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Date: August 14th, 2018 5:35 PM Author: charismatic parlor
if “no shit” then why did you suggest otherwise dumbfuck? lol
all of those “network effects” are after talking to the first VC. you shouldnt even TALK to them until you’re already at least “survivable” on what you make, and arguably profitable. and tbf, part of turning down additional shit is the CEOs responsibility. More money is not always better and there’s a limit to fundraising.
(http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616820) |
Date: August 14th, 2018 5:50 PM Author: sepia sanctuary digit ratio
Many factors are involved. I have done three "real" startups plus a non-profit. Two went public and one sold. Location is critical. Customers, partners, skills, service providers and financing are not uniformly distributed. VCs will rape you eventually (voice of experience); however, often there is no other option. The strength of your personal networks in the area are important; e.g., if you move to Sunnyvale and are an unknown it will take you a while to get connected. You might be better off getting started where you are already networked. Early stage investors tend to invest close to home. Sometimes you can access early stage dumb money around universities that are trying to build an entrepreneurial ecosystem. Angels give good deals often, but they usually don't have staying power and get everybody screwed if the business needs big $ (example: insisting on stupid terms in shareholder agreements). Get non-dilutive money whenever you can (advances, contracts, SBIR/STTR, etc.). Early stage money will be the most expensive. This stuff is just too specific for much useful generalization. Talk to as many people as you can who have experience. Be prepared for the business to take over your life. It that doesn't happen, you probably won't make it.
(http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616896) |
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