March 27, 2009
The Nantucket Conference was started ten years ago so that New England would have its own high-level gathering for entrepreneurs, investors, and tech execs — to spotlight what happens here — rather than always flying out to events on the Left Coast.
If you are fortunate to score an invitation or have your registration accepted, you will be among the elite few that shape the Boston start-up eco-system.
The agenda has been finalized and this year there’s an interesting mix of East and West (the COO of Skype is coming), as well as VCs from all over (Jo Tango from Kepha Partners, Brad Feld from Foundry Group in Denver, and Josh Kopelman of First Round Capital in Pennsylvania.) Plus, Robert Keane (who was at the very first Nantucket Conference in 2000) has been invited back to talk about the VistaPrint success story.
There are still a few slots open, if you would like to register to attend.
March 25, 2009
This is most excellent news. Another Seed Capital program; Start@Spark has been introduced for Boston companies.
Spark Capital may be the most aggressive web oriented investor in the Boston area, evidenced by their recent investment in Twitter.
Sadly, to date, only one of their web investments 8D World are from the Boston area. This is probably not through lack of trying as they are more visible here than most VC’s, with Bijan Sabet hosting Open Coffee and participating in the TechStars Boston program.
A look at their portfolio will tell you that they are media oriented which might mean that most of the investments end up in NYC.
This is a great opportunity for early stage web companies here in theHub. I hope to see some great things come from this program and hopefully Boston can win a few slots against the more media oriented NYC market.
PostScript: It may turn out that Y Combinator vacating Boston will turn in to a net positive. First of all YC companies were encouraged to re locate to Silicon Valley after their Cambridge stay had ended and the majority of them did so. Only a few have stayed in the Boston area to contribute to the start-up community here, and we are glad they did.
Plus, Paul Graham continues to deliver kicks in the pants to the Boston start-up culture, particularly the VC’s by commenting on the huge difference between the 1 and number 2 start-up markets.
The fact will probably not be acknowledged, but the vacuum left by Y Combinator and some prodding by their founder and respected seed investor may have given Boston Web start-ups a boost after all.
March 24, 2009
Genotrope Record: Bluefin Lab
Funding Status: Seed
Founders or Execs past companies: Another Andy Palmer mentored company. MIT
Industry: Consumer Web, Video Search
Offering Description: cutting edge video search technology applied to the exciting world of consumer media.
December 6, 2008
There has been a lot of chatter in the blogshpere about the VC model being broken.
Adeo Ressi of theFunded, kicked off the recent discussion with his presentation at HBS. The telling slide from the presentation is #13 showing more money going into the VC model than coming out.
Fred Wilson from Union Square Ventures responded with his usual insight.
Furqan Nazeeri x EIR at Softbank Capital and now founder of Virid.us presents some numbers to show the VC model is really broken, and the negative impact it will have on startups.
Paul Graham of Y Combinator fame talks about the VCs possibly becoming less relevant as a result of this downturn.
A good variety of perspectives on an important subject for us.
First of all, lets recognize that each of these commentators comes from the Web startup space, which you will agree does not have the same requirements as a BioTech startup.
With that in mind, which if any opinions do you agree with? How do you see this issue shaking out in the next couple of years?