Too many cycles have been spent on the East Coast vs West Coast masochism lately. Sob, Sob, I can’t find funding for my Web 2.0 User generated content, social networking, new media, widgetized “feature company” built using ROR and AJAX.
Wake up people, we have IPO’s and liquidity events popping all over the place.
2Q 2007 Venture-Backed IPO Metro Region Breakdown *Number of Total Venture- Venture-Backed Backed Offering Metro Region IPOs in the U.S. Size ($M) Boston 6 548.1 San Jose 6 608.0 Other US 3 545.6 New York Metro 2 170.4
See Boston tied with Silicon Valley….. feel better?
Here is a list of IPO’s off the top of my head.
Filed for IPO:
Tabblo purchased by HP
Silverback purchased by Dell
AppIQ purchased by HP
Symantec buys Relicore, Imlogic
Citrix buys Reflectant, Ardence
Microsoft buy Softricity
Oracle purchases Profitlogic
I’m sure I didn’t get them all, feel free to add to the list. So anyway, things aren’t that bad. TheHub does not need to be playing catch up as some have suggested.
The point is, the Boston/Cambridge area has strengths in certain areas such as the old reliables: infrastructure, enterprise software, storage and communications as well as the up and comer sectors of mobile applications, wireless technology, gaming, Rich Media and Video Blogging/Podcasting.
But if you are in the Web 2.0 space, don’t fret, we also have the archetype early stage VC program, so just get picked up by Y Combinator and move to Silicon Valley if you feel compelled to do so.