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How Early Exit Disease Stunts the Growth of Midwest Startup Communities

58 点作者 mtviewdave超过 9 年前

11 条评论

Jun8超过 9 年前
Here&#x27;s a Chicago Tribune story about Chicago&#x27;s startup drain that was on the front page recently: <a href="http:&#x2F;&#x2F;www.chicagotribune.com&#x2F;news&#x2F;globalcity&#x2F;ct-global-city-talent-drain-met-20151023-story.html" rel="nofollow">http:&#x2F;&#x2F;www.chicagotribune.com&#x2F;news&#x2F;globalcity&#x2F;ct-global-city...</a><p>It seems the most important issue is the chicken-and-egg problem: Chicago doesn&#x27;t have a large magnate company with lots of b&#x2F;millionaire founders that then fund the ecosystem. Groupon was once thought to be just that company but hasn&#x27;t turned out good.<p>The other problem seems to be plain and simple: being in the middle of nowhere doesn&#x27;t help. From the article:<p>&quot;The University of Illinois at Urbana-Champaign turns out more engineering graduates than any U.S. school except the Georgia Institute of Technology, yet no tech scene has grown around it — or 140 miles north in Chicago. Fewer than half of these engineers remain in the state while 10 to 15 percent have gone to California in each of the past five years&quot;<p>For a young person, there are many more opportunities to do sports (mountain biking, hiking, skiing, kayaking) in other places.<p>As a final point: Chicago, long the city of broad shoulders, is not famous for its counterculture, like Seattle or Portland is, so loses that chance for attracting people, too.
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strebler超过 9 年前
Perhaps if the investors in these Midwest startups enabled founders to take some funds off the table from a round, it could help to alleviate this problem.<p>If founders have all the stress of low salary + not much savings + lots of work to do + maybe starting a family, of course a $10M exit starts to look good.<p>But if they&#x27;re achieving good results, why not give the founders a small taste of the billion dollar carrot?
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p4wnc6超过 9 年前
I live in the Midwest and would happily consider living here long-term in order to work at jobs like these, except that the jobs are generally terrible. They don&#x27;t pay well, even by lower-cost-of-living Midwest standards. Yet they do all of the same nonsense that companies do in larger urban areas: open-plan office layouts (even when private working space out here is much cheaper than the already cost-effective prices you&#x27;d pay for it in a city), Agile&#x2F;Scrum crap, various over emphasized alcohol-based social functions, ping pong tables, etc.<p>Why would a talented person stay around here for that? Most of us who like it out here like it because it&#x27;s <i>different</i> than Silicon Valley or New York, and it suits our preference better.<p>You&#x27;re not going to win with the talented people in the Midwest if you just try to make it feel like Silicon Valley Jr. -- you have to be different, with a whole different ethos that&#x27;s a bit more about the style of life here. Many people choose to live in the Midwest because they like having more personal space, they want to raise a family, they value frugality and consider cost-of-living carefully, they might possibly actually want to own property some day, and&#x2F;or they just may not personally derive much value from urban amenities.<p>But I&#x27;ve never seen start-ups or tech businesses here aim at providing a kind of working life that affords these values. It&#x27;s all still the same &quot;work hard play hard&quot; bullshit as if by making yet another app or something-as-a-service, we&#x27;re going to become masters of the fucking universe or something.<p>That stuff is already stupid even in the urban tech hubs. It just comes off even dumber when you&#x27;re farther away from the tech hubs.<p>At any rate, I question the article&#x27;s claim that there&#x27;s a talent problem in the Midwest. The problem isn&#x27;t that there are no talented people. The problem is that companies are not providing the opportunity for a lifestyle that matches up with the values of someone who would prefer to live in the Midwest.<p>If I have to work a million hours, put up with aggressive deadline culture, deal with Agile&#x2F;Scrum &quot;sprint cycle&quot; idiocy, and feign social interest in rock climbing while I code or joining the same people I&#x27;ve been working with for 10 straight hours at a bar for 2 more hours of trite conversation where I&#x27;ll be judged by how much overt social signalling my alcoholic beverage of choice emits, then fuck it. I&#x27;m just going to move to a big city and demand a big city wage and career opportunities.<p>On the other hand, if you can give me what the big city folks can&#x27;t, like say a private office where I can actually get work done and feel productive instead of listening to the person at the desk next to me chew potato chips, or you can provide me with a work environment where 40 hours is exactly all that&#x27;s expected, and also is exactly what is <i>rewarded</i> (i.e. you encourage workers to have a substantial life outside of work), and I don&#x27;t feel like you&#x27;re just doing a bunch of stuff like whisky night and ping pong to try to affiliate with the cool kids in SV, then we could talk.
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twoquestions超过 9 年前
I think Midwesterners are just too conservative for a startup scene to take root here. Venture capital, computers in general even are too new of ideas to depend on. We&#x27;re used to industries springing up around us, then running away to China or California, so investing in a 10-year plan when the next market crash could destroy the industry utterly seems kind of stupid.<p>Besides, as the article said, $10M is more than enough to look down on your neighbors for the rest of your life, what more benefit could $10B give you?
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metalliqaz超过 9 年前
When I read articles like this, all I can think about is Pretty Woman. When the main character laments, &quot;What do we do? We don&#x27;t make anything.&quot; And the response, &quot;We make money.&quot;<p>I don&#x27;t care for the culture of start-sell-repeat.
karmicthreat超过 9 年前
This hits close to home. I am a software developer in Grand Rapids, Mi and we have a so so burgeoning startup scene here.<p>We have a couple incubators here but they are not particularly great and their money is expensive with few useful benefits. We have a decent concentration of software developers in town. Cheap office space and ok rents make boot strapping a bit easier. But like everywhere else we don&#x27;t have nearly enough software developers here on the founders need to start scaling. I can think of a number of companies in town that are having problems due to a lack of devs.<p>But at least we have large tech meetup scene that likes to share.
phkahler超过 9 年前
YC used to do one batch in CA and one out east each year. I see they&#x27;ve moved both summer and winter to the west coast now. Was it that hard to get established in two places that even they couldn&#x27;t do it?
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slyall超过 9 年前
Exactly echos complaints about the New Zealand startup scene. The catch phrase here is &quot;The three B&quot; meaning Boat, Bach (holiday house) and BWM. Lots of founders sell out for just $10-$30 million which sets them up nicely but often means the startup&#x2F;product gets buried inside a big company and jobs move overseas
shanemhansen超过 9 年前
I know multiple amazing developers in the midwest. They work remotely for bay area companies.
timrpeterson超过 9 年前
This also explains why nobody in the Midwest values academia, value isn&#x27;t imminent unlike hauling around rocks.
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applecore超过 9 年前
The simple explanation for this phenomenon: bad founders tend to sell early (if they succeed at all).