Atlanta Gets Its Own Y Combinator In Shotput Ventures
techcrunch.com
Atlanta Gets Its Own Y Combinator In Shotput Ventures
1–10 of 49 posts
Re: Atlanta Gets Its Own Y Combinator In Shotput Ventures
#2See pg's comment: http://news.ycombinator.com/item?id=528924
"The root of the problem is that people think seed funding is regional. They think they're starting the YC of St. Louis, or wherever. Then after they get started they realize that in fact the seed firms are all drawing on the same national applicant pool, and that the default fate of the nth seed firm is not to be the YC of St. Louis, as they'd expected, but to be the YC of the nth quality bucket."
Not that I know anything about this venture yet, but the regional-centric commentary immediately made me think of this comment.
Edit: Seems Michael Arrington concurs: http://www.techcrunch.com/2009/03/25/atlanta-gets-its-own-y-...
Re: Atlanta Gets Its Own Y Combinator In Shotput Ventures
#3See pg's comment: http://news.ycombinator.com/item?id=528924 " The root of the problem is that people think seed funding is regional. They think they're starting the YC of St. Louis, or wherever. Then after they get started they realize that in fact the seed firms are all drawing on the same national applicant pool, and that the default fate of the nth seed firm is not to be the YC of St. Louis, as they'd expected, b…
I think Shotput is happy to draw entrepreneurs from all over the US, and this is good for our region.
In general, Shotput is important because there is almost 'no such thing' as seed funding in the southeast. A typical comment at an entrepreneur's round table here would be, "get to $1 million revenue, then someone will fund you." So this is important for the growing startup ecosystem in our region.
Re: Atlanta Gets Its Own Y Combinator In Shotput Ventures
#4See pg's comment: http://news.ycombinator.com/item?id=528924 " The root of the problem is that people think seed funding is regional. They think they're starting the YC of St. Louis, or wherever. Then after they get started they realize that in fact the seed firms are all drawing on the same national applicant pool, and that the default fate of the nth seed firm is not to be the YC of St. Louis, as they'd expected, b…
I think Shotput is happy to draw entrepreneurs from all over the US, and this is good for our region. In general, Shotput is important because there is almost 'no such thing' as seed funding in the southeast. A typical comment at an entrepreneur's round table here would be, "get to $1 million revenue, then someone will fund you." So this is important for the growing startup ecosystem in our region.
I wouldn't venture to disagree - comment was mostly based on the spin of the article.
Re: Atlanta Gets Its Own Y Combinator In Shotput Ventures
#5Does Shotput Ventures use the "exploding term sheet" we were warned about?
Re: Atlanta Gets Its Own Y Combinator In Shotput Ventures
#6I view all these "regional" YC knock offs as just early stage angels.
Re: Atlanta Gets Its Own Y Combinator In Shotput Ventures
#7Does Shotput Ventures use the "exploding term sheet" we were warned about?
They accept applications till April 10 [1], so the answer is no.
Re: Atlanta Gets Its Own Y Combinator In Shotput Ventures
#8I view all these "regional" YC knock offs as just early stage angels.
I attended their open house, and I didn't get the impression they are just early stage angels, although if thats all they are that would still be great, because there are very few of those here. Many in the investment community in the southeast have been openly hostile towards the need for more early stage capital, let alone willing to fund seed stage companies.
Anyway, my impression from talking with the Shotput guys was that there was a lot of value add they were providing. I would suggest actually contacting them if you are interested, as I think you'll be surprised and impressed. Most of these guys are active advocates for our region's startups and do everything they can to mentor and open doors.
Re: Atlanta Gets Its Own Y Combinator In Shotput Ventures
#9Earlier quoted context omitted.
I think Shotput is happy to draw entrepreneurs from all over the US, and this is good for our region. In general, Shotput is important because there is almost 'no such thing' as seed funding in the southeast. A typical comment at an entrepreneur's round table here would be, "get to $1 million revenue, then someone will fund you." So this is important for the growing startup ecosystem in our region.
I wouldn't venture to disagree - comment was mostly based on the spin of the article.
It is disappointing to see Michael Arrington in the comments dumping on the article and the program.
Re: Atlanta Gets Its Own Y Combinator In Shotput Ventures
#10See pg's comment: http://news.ycombinator.com/item?id=528924 " The root of the problem is that people think seed funding is regional. They think they're starting the YC of St. Louis, or wherever. Then after they get started they realize that in fact the seed firms are all drawing on the same national applicant pool, and that the default fate of the nth seed firm is not to be the YC of St. Louis, as they'd expected, b…
In what may be heresy here on HN I am going to partially disagree with PG. Regional YCs may indeed be of the nth quality bucket, but that does not necessarily doom them to failure anymore then not attending Stanford or MIT dooms a hacker to failure.
The proof as they say is in the pudding. TechStars seems to be doing just fine so far. Let's see what Shotput's births before we call their babies ugly.