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In 2010, Antonio Garcia Martinez, the founder of AdGrok, wrote, “New York will always be a tech backwater, I don’t care what Chris Dixon or Ron Conway or Paul Graham say.” You also need to establish a culture of sharing and collegiality. Startupfounders always need help. You need both.
Since 2010, roughly a dozen venture-backed unicorns have emerged in and around Salt Lake, in no small part because Qualtrics put the city on the map for founders and VCs. ExactTarget’s co-founder, Scott Dorsey then started a new venture studio and fund, High Alpha, which has backed dozens of startups in the greater Indianapolis area.
Not coincidentally, they also serve as training grounds for some of the world’s most successful startupfounders. Just two years later, in 2009, we worked out a deal to create the Techstars Seattle program, with our first program running in 2010. The first to spot the weakness were startupfounders.
During the early recovery, however, VC-backed M&A rebounded and skyrocketed: Annual deal values eclipsed $30 billion in 2010, holding steady before ballooning above $70 billion in 2014. Startupfounders can start positioning themselves now to be acquired in that wave. How can you avoid this unnecessary fate?
According to a recent report by Massolution , crowdfunding is expected to top $30 billion this year (up from just $880 million in 2010). With so much competition, startupfounders and existing corporations can no longer survive by just adding new features or marketing product extensions. billion this year.
billion in 2010, Video Valley (the area of Lysaker right outside of Oslo) has churned out a lot of successful companies within the space. I still think cities will be the most prominent location for startups as (1) Big business is not rural, and startupfounders typically come from banks, consultancies, corporations, etc.
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