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PhilR
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Article that describes what many Boston entrepreneurs know, Boston VCs aren't in the consumer game. If your consumer company already has a million customers and is well on its way to profitability they might invest, but not in early stage consumer internet plays.
Submitted: Jul 22, 2007
Views: 635
Comments: 3
Likes: 4
View Article: http://www.boston.com/business/technology/articles/2007/07/22/will_...
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Comments Received:
I heard about some of this in business school. Boston VCs tend to invest in surer things while California VCs take more chances. More of West Coast companies flame out but the ones that make it, make it much bigger. After all, the economy is 2/3 consumer spending.
Posted: Jul 22, 2007
It still remains to be seen if these consumer web companies will make money. MySpace Facebook are both leaders but they both make very little. The hype is in consumer web but money doesn't always follow the hype.
Posted: Jul 22, 2007
Silicon Valley is where companies get started because it is where the risk capital is. The VC money in Boston is all around MIT. There are plenty of very tech-savvy entrepreneurs in places like New York, Chicago, LA and Philly, but it is more difficult in these places because of the lack of real risk capital.
Posted: Jul 23, 2007