Thursday, July 26, 2007
Article on VC Community in Boston
Of course with the summer months comes a lot of running around and spending a lot of time outside and not much time blogging. So, after a friend of mine tipped me off to this article in the Boston Globe and how bad the VC market here is in consumer products compared to the West Coast, I thought I would do some writing. I find it strange the VC's seem more comfortable flying out to the west coast and making deals instead of looking to the local community here in Boston for great start-up. It's strange how well the article reflects many of our experiences we've had with investors. I think it really comes down to looking at the level of risk and how conservative east coast VC's are compared to the the the west coast. I often see rather interesting consumer concepts with no real idea of how they are going to make money get quite a bit of funding on the west coast with not nearly that level of risk here on the west coast. Who is more right? I am really not sure, my only hope is that investors continue to see a market of opportunity and invest in smart people great ideas. Link to Article
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