This website uses cookies to ensure you have the best experience. Learn more

Why Strartup Hubs Work Essay

1529 words - 7 pages

If you look at a list of US cities sorted by population, the number of successful startups per capita varies by orders of magnitude. Somehow it's as if most places were sprayed with startupicide.

I wondered about this for years. I could see the average town was like a roach motel for startup ambitions: smart, ambitious people went in, but no startups came out. But I was never able to figure out exactly what happened inside the motel—exactly what was killing all the potential startups. [1]

A couple weeks ago I finally figured it out. I was framing the question wrong. The problem is not that most towns kill startups. It's that death is the default for startups, and most towns don't save ...view middle of the document...

Having people around you care about what you're doing is an extraordinarily powerful force. Even the most willful people are susceptible to it. About a year after we started Y Combinator I said something to a partner at a well known VC firm that gave him the (mistaken) impression I was considering starting another startup. He responded so eagerly that for about half a second I found myself considering doing it.

In most other cities, the prospect of starting a startup just doesn't seem real. In the Valley it's not only real but fashionable. That no doubt causes a lot of people to start startups who shouldn't. But I think that's ok. Few people are suited to running a startup, and it's very hard to predict beforehand which are (as I know all too well from being in the business of trying to predict beforehand), so lots of people starting startups who shouldn't is probably the optimal state of affairs. As long as you're at a point in your life when you can bear the risk of failure, the best way to find out if you're suited to running a startup is to try it.

Chance

The second component of the antidote is chance meetings with people who can help you. This force works in both phases: both in the transition from the desire to start a startup to starting one, and the transition from starting a company to succeeding. The power of chance meetings is more variable than people around you caring about startups, which is like a sort of background radiation that affects everyone equally, but at its strongest it is far stronger.

Chance meetings produce miracles to compensate for the disasters that characteristically befall startups. In the Valley, terrible things happen to startups all the time, just like they do to startups everywhere. The reason startups are more likely to make it here is that great things happen to them too. In the Valley, lightning has a sign bit.

For example, you start a site for college students and you decide to move to the Valley for the summer to work on it. And then on a random suburban street in Palo Alto you happen to run into Sean Parker, who understands the domain really well because he started a similar startup himself, and also knows all the investors. And moreover has advanced views, for 2004, on founders retaining control of their companies.

You can't say precisely what the miracle will be, or even for sure that one will happen. The best one can say is: if you're in a startup hub, unexpected good things will probably happen to you, especially if you deserve them.

I bet this is true even for startups we fund. Even with us working to make things happen for them on purpose rather than by accident, the frequency of helpful chance meetings in the Valley is so high that it's still a significant increment on what we can deliver.

Chance meetings play a role like the role relaxation plays in having ideas. Most people have had the experience of working hard on some problem, not being able to solve it, giving up...

Other Papers Like Why Strartup Hubs Work

Itsy 1425 Essay

736 words - 3 pages and understand why they need to back up their work and data on a regular basis, install patches as needed and how it helps to keep their computer running as efficiently as possible. I’d of course recommend they purchase new computer systems (desktop PC’s) for the company, running Windows 7 or Vista. Depending on their printers I recommend they get one or two of those as well. They’d need new cables and once the PC’s are set up and mapped to the

Technology Essay

959 words - 4 pages : * Strong verbal and written communication skills * Strong client-facing and relationship-building capabilities * Experience with data quality technologies (e.g. Trillium, Informatica Data Quality) * Experience with MDM technologies (e.g. Siperian, GXS, Oracle Hubs etc) * Experience with either Customer or Product MDM solutions * Expertise with at least one ETL tool, preferably Informatica or SSIS * Experience evaluating

Waiting Times

3390 words - 14 pages : finding topic-sensitive influential twitterers” WSDM, 2010) in large-scale emergencies (Krishnamurthy et al., “A few chirps about Twitter,” ACM workshop on Online Social Networks, 2008) social relationships (Huberman et al., “Social Networks that Matter, Twitter under the Microscope,” First Monday 14(1-5), 2009) • Usage • Reciprocal AN INSPIRATION FOR RESEARCH • Microblogging TWITTER: at work (Zhao & Rosson, “How and why people Twitter

Effec of Telivision Essay

2855 words - 12 pages physiological changes, which are really not for the better. Most of these effects occur irrespective of the type of programme that people watch - whether it is violence or teletubbies (fun, games, etc). It is the medium, not the message. Watching television is now the industrialised world's main pastime, taking up more of our time than any other single activity except work and sleep.However, biological sciences are fast becoming the new arena for

Southwest Airlines

1064 words - 5 pages employees have to say and really values their opinion. I don’t think many CEO’s can say that. He knows that in running a successful company, one has to keep employees happy and make them keep wanting to work. Employees are the backbone of your company, they are the ones who keep the company going; sure the executives have to make some big time decisions but for the most part the employees help run the company. Gary Kelley has kept Southwest

Southwest Airlines

1946 words - 8 pages one of the larger airport hubs and Southwest would be able to expand their target market throughout the east coast. 8.) Would you recommend acquiring the gates and landing slots? Why? Yes, acquiring the gates and landing slots at LGA would only lead to the opportunity for Southwest to expand its target market to the East Coast, and it would generate plenty of revenue for Southwest. With an estimated bid needed of $7.5 million, it is a no

Philippines New Call Center Capital?

1309 words - 6 pages Can the Philippines be a new call centre capital? Investigate the outsourcing of call centre’s to the Philippines INTRODUCTION: Filipinos are excellent in communication and possess a good command of English that is the reason why Philippines are attracting more investor to put their call centers hubs in the country. Though Filipino workers are hardworking and globally competitive there are many factors that should be considered when an

Network Security and Management

3952 words - 16 pages that also runs an internet business. There is one location and many hubs within that location to provide: internet access for family members, and business personal, as well as printer and fax services for the business, as this is an internet business reliable internet access is a must security is paramount. Each family member has their own desktop computer, laptop computer, and tablet, 2 members have smart phones, there is also a PlayStation 3

Fundamental Analysis of Power Sector

3581 words - 15 pages semi-formal shirt should do fine. No need for any tie or suit. Punctuality: This is a must irrespective of the job you apply for. Make sure you reach the venue at least 15-20 minutes before the appointed time and put your documents or reference of past work in order and do remember to have an attractive resume in hand. 1) Tell me something about yourself. This is the most common interview question which will almost certainly be asked to

Capstone Part 2

4410 words - 18 pages careful. That is why a management team needs to be in place to keep a check on everything on a daily basis so it works smoothly and the problems are not too much trouble. The Detroit site will also need wireless networks set up so that the mobile devices will work away from the site if it needed to be. You will need the biggest size of data available for wireless networks and that would be a 4G network. Once a multimedia server is set up, each

Financial Analysis Proctor and Gamble

1843 words - 8 pages . The company’s purpose is to “provide branded products and services of superior quality and value that improve the lives of the world’s consumers now and for generations to come. As a result, consumers will reward us with leadership sales, profit and value creations, allowing our people, our shareholders and the communities in which we live and work to prosper.” During the second half of the 20th century the company increased profits by

Related Essays

Ups Value Chain Essay

4098 words - 17 pages misloads frequency for two consecutive years. CACH hub, at which the most volume of packages is processed per month among top 27 US hubs, misloads account to almost 10% of its monthly volume, which is over $130,000 in profits. It is natural that whenever a human brain is involved, errors occur. That’s why companies across many various industries try taking advantage of advanced technology to increase productivity and efficiency in operations and

Final Paper

3922 words - 16 pages of information and data between two communicating parties (computer, network system, etc.). The protocol serves as an agreement between the two devices, e.g. a virtual handshake. Without it, devices would not be able to connect and share information ("Why is a communications protocol important?," 2014). There are a few methods of data distribution known as LAN topologies. Tree topology utilizes a headend (root of the tree) that feeds the data

Air Asia Management Essay

1597 words - 7 pages AIR ASIA AIRLINES COMPANY COMPANY BACKGROUND Air Asia Berhad is an established in 1993 with commenced operations in 1996. In 2001, Tune Air Sdn Bhd Tony Fernandes’s company purchased this airline from DRB-Hicom. Air Asia never look back after that. Air Asia’s first and main base is the Low Cost Carrier Terminal (LCCT) at Kuala Lumpur International Airport, while its secondary hubs are at Kota Kinabalu International Airport, Senai

Air Asiqa Essay

1597 words - 7 pages AIR ASIA AIRLINES COMPANY COMPANY BACKGROUND Air Asia Berhad is an established in 1993 with commenced operations in 1996. In 2001, Tune Air Sdn Bhd Tony Fernandes’s company purchased this airline from DRB-Hicom. Air Asia never look back after that. Air Asia’s first and main base is the Low Cost Carrier Terminal (LCCT) at Kuala Lumpur International Airport, while its secondary hubs are at Kota Kinabalu International Airport, Senai