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The following statement is so true. Shout it from the rooftops.
"I said that was the worst thing I could do for Nashville. 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."
And - the follow up is true also.
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.
Boulder is such a great example of that. I've been stamping out "Silicon Flatirons" since I moved here in the mid-1990s. Now that name is regulated to a great program at CU Boulder (http://www.silicon-flatirons.org/) and I've been told that once I give a large enough give to it I can rename it.
2 months ago on “Silicon Alley” is done, but New York is rising
I love your punchline: "Each company is completely distinct and there is no playbook."
A wordy codicil is "There are lots of different plays, but there is no playbook. And different plays work in different situations in different time periods and it's always changing. Get used to that."
2 months, 2 weeks ago on Is everything we know about what makes a good VC just wrong?
Lindzon Lindzon Lindzon!
2 months, 2 weeks ago on PandoMonthly Santa Monica with StockTwits’ Howard Lindzon, the full interview
Love it and backed it first thing this morning on Kickstarter even though it was 2 degrees in Boulder. It's never too cold for ice cream.
9 months, 1 week ago on How MilkMade is turning a boutique ice cream company into a venture-backed startup
I encourage you to do a little deeper math on the syndicate dynamic. But first, other than the fun headlines, I want to focus my comments on the fact that this is NOT a competition, but rather a great potential source of capital for entrepreneurs at the seed stage.
Jason's syndicate - which I'm personally backing - is planning to do 7 investments a year. So while each investment has a syndicate of $762k, the total committed from the syndicate across all 7 deals is $5.3m. This doesn't include Jason's commitment (which I think is $100k / investment, or another $700k for a total of $6m.
In comparison, FG Angels is going to 50 investments between now and the end of 2014. Since the syndicate is $324k, this is a total of $16.2m from the syndicate. This doesn't include FG Angels investment of $50k / investment ($2.5m across all 50 investments) which brings the total to 18.4m.
I committed $2k to Jason's syndicate, so I end up having a $14k commitment to his deals. If someone commits $2k to FG Angels, they are committing $100k to the deals we do.
Regardless, we are capping the size of FG Angels at $450k for the syndicate. We don't want to overfund these seed investments, nor do we want to "hog them all" - we want to make sure there is room for other angels who want to participate.
Our approach comes from the experience we have an angel investors (separate from our VC investments). See http://www.feld.com/wp/archives/2010/06/suggestions-for-angel-investors.html for more background if interested.
11 months ago on Calacanis plays God: How to go from zero to $1M in a weekend thanks to AngelList Syndicates
Trevor - you did a nice job of capturing things. I toss a reference up on http://startuprev.com/archives/2012/08/pros-and-cons-of-boulders-startup-ecosystem.html
Thanks for spending time in Boulder!
2 years ago on Boulder’s Startup Ecosystem: Pros and Cons
You are missing the absolutely best CEO coach in the world from this list. It's Jerry Colonna - http://www.themonsterinyourhead.com/about-me/
2 years, 2 months ago on PandoList: CEO Coaches
Sarah - Fitbit is easy to get - http://www.fitbit.com, on Amazon (search for Fitbit) or your nearest Best Buy.
2 years, 4 months ago on Notch Launches to Make Healthy Living (and Data Nerds) Sexy
@sarahlacy I was told that just by @aschwab7 just after i declared mine. I'm so sick of waking up three times in the night and having to go to the bathroom 10 times a day, but I'm told that at least I'm hydrating well.
2 years, 4 months ago on PandoList: MIT All-Stars
@conch The history of IHTFP is up on http://www.mit.edu/people/mjbauer/ihtfp.html
Some of my favorite backcronyms include I'll Have Thesis Finished Pronto and I Hope To Fuckin' Pass.