San Francisco
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October 2011 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.
Of course I have something to say about the news yesterday that AOL would be a key investor in a new early-stage venture fund being started by TechCrunch’s perpetually petulant editor Michael Arrington — with a big, fat and decidedly greasy assist from a panoply of Silicon Valley’s most powerful VC firms and angel investors. Arrington has previously called me “chief whiner” — oooh, buuuurn , although fair enough, since I have compared him to an egomaniac turtle named Yertle in the past — about my nagging him over the importance of upholding standards of fairness and ethics in journalism. So as not to let him down, let me begin the whining. First, my initial reaction when I first heard about the deal: Ugh.
Y Combinator runs two three-month funding cycles a year, one from January through March and one from June through August. We ask the founders of each startup we fund to move to the Bay Area for the duration of their cycle, during which we work intensively with them to get the company into the best shape possible. Each cycle culminates in an event called Demo Day, at which the startups present to an audience that now includes most of the world's top startup investors. Dinners During each cycle we host a dinner once a week at Y Combinator and invite some eminent person from the startup world to speak.
Writing about a place is difficult. You can spend months, years, even a lifetime in a city and still not really know it. More challenging still, everyone experiences a place differently. Two people who’ve grown up in the same place might fundamentally disagree on what the most scenic landmarks are, if the locals are friendly, the best places to eat, and so on. I’ve been in San Francisco for over a couple of years now.