The most prestigious law school admissions discussion board in the world.
|
 |
 
|
How important is location for establishing a startup?
Poast new message in this thread
Date: July 18th, 2018 11:24 AM Author: Adulterous school indirect expression 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? |
Date: July 18th, 2018 11:40 AM Author: Adulterous school indirect expression (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36451755) |
|
Date: July 18th, 2018 6:01 PM Author: Adulterous school indirect expression (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36454786) |
|
Date: July 18th, 2018 6:02 PM Author: marvelous fluffy crotch hell Depends on a million factors.
For starters -- what industry? |
 |
Date: July 18th, 2018 6:08 PM Author: Adulterous school indirect expression Tech. Do other kinds of startups even exist (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36454832) |
|
Date: July 18th, 2018 6:10 PM Author: marvelous fluffy crotch hell Yes, startus exist in every industry.
Also, tech is not an identifiable industry.
Please be more specific. |
|
Date: July 18th, 2018 6:10 PM Author: Adulterous school indirect expression Yeah that was a joke. B l o c K c H a I n |
|
Date: July 18th, 2018 6:06 PM Author: sticky crusty center hairy legs i'm working for a startup remotely developing an app. you shouldn't have a problem finding good developers to work remotely. (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36454808) |
|
Date: July 18th, 2018 6:09 PM Author: Adulterous school indirect expression good point. Feel like an on-site team would be better though (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36454836) |
|
Date: July 18th, 2018 9:56 PM Author: Adulterous school indirect expression (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36456176) |
|
Date: July 18th, 2018 10:03 PM Author: Brass razzle cuck therapy If you want to raise funds from a real VC and have the corresponding benefits of this (network, branding, legitimization, insights, etc.), yes. Many VCs have an enormous bias for companies located in SF/SV. By no means impossible otherwise but SF/SV is a big advantage. (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36456216) |
|
Date: August 14th, 2018 5:09 PM Author: 180 persian 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. |
|
Date: August 14th, 2018 5:17 PM Author: Pearly infuriating space incel Move to where the VCs are, basically (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616720) |
|
Date: August 14th, 2018 5:19 PM Author: 180 persian that’s the main reason. it’s also where all the talent is and where there’s a culture that supports what you’re doing. (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616729) |
|
Date: August 21st, 2018 6:22 PM Author: Adulterous school indirect expression god dammit I know this is the answer but fuck SF (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36657879) |
|
Date: August 14th, 2018 5:16 PM Author: bonkers patrolman quadroon I got killed doing this in a small (but beautiful) city. You just can't hire the breadth of talent you need. If there's a temporary hiring boom because some large companies open branch offices you won't be able to find anyone to work at your company. (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616714) |
|
Date: August 14th, 2018 5:22 PM Author: heady orchestra pit corn cake 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. |
|
Date: August 14th, 2018 5:24 PM Author: Pearly infuriating space incel (Richard Hendricks) (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616747) |
|
Date: August 14th, 2018 5:26 PM Author: 180 persian (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616773) |
|
Date: August 14th, 2018 5:28 PM Author: heady orchestra pit corn cake worked for a vc-backed startup. founder created 180000 culture and early success, company was rolling. brought on vc, then series-a, then series-b, then series-b overlord brought on an "experienced" shithead to work under him as president, then new president usurped power to become ceo with founder demoted to meaningless chairman of boart position, all early employees left and company became a toxic gc shithole. (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616781) |
|
Date: August 14th, 2018 5:33 PM Author: 180 persian 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). |
|
Date: August 14th, 2018 5:26 PM Author: 180 persian ....you dont even talk to VCs until series A. so leeching money “every step of the way” isn’t even possible. (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616771) |
|
Date: August 14th, 2018 5:29 PM Author: heady orchestra pit corn cake no shit faggot. vcs will give you "network" aka hook you up with more investors for series-a then series-b as you dilute away everything you worked so hard to create (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616791) |
|
Date: August 14th, 2018 5:35 PM Author: 180 persian 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. |
|
Date: August 14th, 2018 5:50 PM Author: claret appetizing plaza 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) |
|
Date: August 14th, 2018 5:53 PM Author: heady orchestra pit corn cake how much are you worth brother (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36616912) |
|
Date: August 14th, 2018 5:53 PM Author: stimulating pale scourge upon the earth We need a separate OldHLSDude thread on starting/running businesses.
What is your best business idea today? Net worth? |
|
Date: August 21st, 2018 6:23 PM Author: Adulterous school indirect expression ty (http://www.autoadmit.com/thread.php?thread_id=4029218&forum_id=2#36657883) |