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Showing posts from December, 2006

Boulder Smartness, education or attitude?

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Is Boulder, CO. really America's smartest city? David Cohen in his Coloradostartups blog tidbits section pointed me to the Forbes magazine article on this.

The article, dated December 15th, 2006, in Forbes, titled Amercia's Smartest Cities is here.

They seem to be using two criteria: Percentage of population with Bachelor, Masters and PhD degrees, and 'degree of stickiness' (keeping people in town after they graduate).

I have to wonder if this is a valid criteria. At the same time, I have to admit, Boulder IS a great place (considering it's actual population of a few hundred thousand people) for finding really talented people (or attracting them).

This focus on education level, though, bothers me. Education is a great thing, but at the same time it's also limiting in that it can create a sort of fence around what you're willing to accept as the right way to think about (and effectively, how to do) something. It can limit you. I've known more than my f…

Web 2.0 and VC's= maybe a good thing afterall.

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There's been a huge amount written in the blogosphere about how Web 2.0 with it's low startup costs and rapid growth patterns negates (or at least minimized) the need for traditional venture capital.

Fred Wilson of Flatiron Partners in NYC has an excellent blog post up on how, and why, Web 2.0 and VC's mix very nicely, thank you. He sums it up with the following graph:



His premise is simple. The cost, in the early years, of a startup has dropped significantly. As the business takes off, all the usual business expenses (hardware, bandwidth, sales force, etc.) still pop up. So, the costs rise and need for capital required from VC's kicks in.

The upside is much of the risk is removed for VC's in the early stages (due to the low costs) and, assuming your company survives and grows, more of the equity remains in the hands of the founders (because much of the risk was removed along the way, requiring less equity be given up).

Nice trade off all around.

4 hours of snow in Boulder

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LOTS OF SNOW. Three pictures taken of a table on my back deck. 3:30pm, 5:30pm and 7:30pm. Check it out: