Quote: Being in Silicon Valley doesn’t matter
April 10th, 2008 by Benjamin KuoThere’s a great quote (of Drew Lipsher of Greycroft Partners) which Scott Kirschner–a New England blogger and writer–recently posted from AlwaysOn Venture Summit East, about “entrepreneurs moving west to find money”
…if the entrepreneur doesn’t believe in his company enough to believe it can succeed here — they need to move it to Silicon Valley — then we don’t need to invest.
Although Lipsher is clearly referring to deals in New England, it’s worth noting–in my humble opinion–that for any technology startup, if you’ve got a sufficiently large opportunity and truly revolutionary technology or business, you will be successful anywhere. Whether that is Los Angeles, San Diego, Palo Alto, Boston, or Des Moines, if you are plugged into your market, have better technology/people/execution/etc. and the opportunity is right, it shouldn’t matter where you are located, physically.
(btw, It happens that Greycroft has an office in Los Angeles, headed by Dana Settle: the firm has invested in Irvine’s K2 Network, and Santa Monica-based ContextNext).
