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Ten $50,000 grants for startups who move to St. Louis

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Re: Ten $50,000 grants for startups who move to St. Louis

#21

St. Louis has the wrong understanding of the problem. Money isn't the solution to building a tech community. Funding isn't usually the issue in getting a startup off the ground. The development of the tech community is how you entice entrepreneurs and technologists to your area. Entrepreneurs and developers flock to where there is a community of like minded individuals. Build the community and the people will come. O…

I agree. I see this in a lot of the places that don't have a strong entrepreneurial community. I see people bemoan about not enough investors or not enough resources. Their solution is then another website or another LinkedIn group or more mingling with suites like it will magically solve the problem.

The places outside the Valley that have succeeded have all done so because they have nurtured and embraced the entrepreneurial and tech community. St. Louis and elsewhere should do the same.

Re: Ten $50,000 grants for startups who move to St. Louis

#23

St. Louis has the wrong understanding of the problem. Money isn't the solution to building a tech community. Funding isn't usually the issue in getting a startup off the ground. The development of the tech community is how you entice entrepreneurs and technologists to your area. Entrepreneurs and developers flock to where there is a community of like minded individuals. Build the community and the people will come. O…

I was trying to work out where people stood on SOPA to get some idea of how much they understand internet startups. But I don't understand enough about Americna politics to get very far - all I have is that the Senator for Missouri, Claire McCaskill, was a SOPA co-sponsor.

How do congress-people fit into this? There seem to be lots more of them...

Re: Ten $50,000 grants for startups who move to St. Louis

#24
post #12

EDIT: Post removed. I truly apologize for offending you. I don't like the idea of making people unhappy, so I've removed my post.

I'm going to express an opinion halfway between the OP and those who are rebutting him (or her). I'm not familiar with St. Louis, but I recently moved from San Francisco to Columbia, SC (didn't really want to, but I'm an academic, my postdoc ran out, and USC offered me a good tenure track job) and am sympathetic with both sides.

One person responded by saying St. Louis is "a city like any other", and that's misleading. There is no baseline to compare to. I've lived in a half dozen cities for long enough that they have very different cultures, and people living there have different priorities. San Francisco, for example, is much more intellectual, much more lively, and much more exciting than Columbia. Here in South Carolina most people like predictability and routine.

But not everybody. For example, I know one high school teacher who just flew his students out to Stanford for a math competition. The cocky bastard believed they have a chance of winning -- and after seeing them in our local competition I believed him. I have met some interesting people, and people who have some intellectual interests, and there is no way that "there is no intellectual scene" in St. Louis or in any other city bigger than 1,000. It might well be smaller, more marginalized, or less intense, but it will be there.

But that said, some cities are definitely more conducive to intellectualism, entrepreneurship, and having an exciting life than others. If I wanted to start a startup, I would do it in the Bay Area or maaaybe Austin, Madison, Raleigh/Durham, Boston, New York, or Boulder. If you have a choice, then you should go to the best place for the best opportunity. Why wouldn't you?

Re: Ten $50,000 grants for startups who move to St. Louis

#25
Things to know about St. Louis:

The City of St. Louis is a separate entity from St. Louis county. When I last checked the employee map for a 150 engineer software company, there were two employees living in the City of St. Louis, (a receptionist, and a newly divorced man in an apartment) the remainder where in St. Louis County, St. Charles County, and living on the "east side" in Illinois (but far enough to clear East St. Louis).

The City of St. Louis has a 1% payroll tax for people that work in the city, plus another 1% for people that live in the city. That may not be important for a startup, but if you are looking to long term employ a lot of highly paid people you have to ask yourself if you want an extra 2% margin or not.

There has been a fair amount of redevelopment in the city itself in recent years, and probably a large amount to come, so you can find a nice place. Make sure to check for a grocery store nearby. Public transit is next to useless. Prepare to drive.

The radial highways in and out of the city are in pretty good shape these days. Check the actually commute times, but 20 miles in 30 minutes wouldn't be outrageous.

Re: Ten $50,000 grants for startups who move to St. Louis

#26
post #12

EDIT: Post removed. I truly apologize for offending you. I don't like the idea of making people unhappy, so I've removed my post.

I don't know whether one should move one's company to STL, but it is neither culturally nor socially barren. I moved to town in 2009 and my experience is quite different from palish's.

Re: Ten $50,000 grants for startups who move to St. Louis

#27
post #12

EDIT: Post removed. I truly apologize for offending you. I don't like the idea of making people unhappy, so I've removed my post.

I disagree on the intellectual scene - it depends where you are in Saint Louis. The Metropolitan Area is most definitely socio-economically segregated and that is going to have an impact on the distribution of intellectuals. In the area there are some fairly solid institutions as well with intelligent researchers and employees working at them - atleast two med schools, two business schools, a handful of other misc. universities, a world class hospital system (BJC), some renown programs (e.g.,WashU DPT), and some respectable companies based in STL (e.g., Monsanto). Startups might be another issue but I imagine with the business schools there would be some, albeit small, community.

Whenever I meet people that come to STL to study, I find they rarely leave the immediate campus area and if they do they usually only go downtown or to the big college spots like the Loop. The city has the worst of the urban elements, and if you go too far out into South county, you can get the country-folks stereotype. North County is pretty desolate these days as well - but there are a lot of good areas here too. "STL" means more than the city proper and a lot of people live in the counties. We're spread out. Where exactly did you live in the area?

Re: Ten $50,000 grants for startups who move to St. Louis

#28
post #11

Earlier quoted context omitted.

Well, if you've ever had to write a business plan, you'll agree the projections for a startup end up being complete BS, but they make investors feel safe looking at a 20+ page document with lots of charts and numbers. That said, business plans can be useful and help the founders solidify their business model, predict costs, etc. If anything, it helps you get a vague idea of what to expect a few years down the road in…

business plans can be useful and help the founders solidify their business model, predict costs, etc. I would guess the vast majority of tech entrepreneurs would disagree with the implication that business plans are generally useful.

Haha is that a stab at the "worry about the business model later" attitude in tech, or am I interpreting it wrong?

Re: Ten $50,000 grants for startups who move to St. Louis

#29
A slight aside, but I'm seeing a lot of comments about how the cash isn't really enough to tempt people. They're probably correct.

You know what I'd love to see? States being able to set their own special immigration policies. I live in New York and am very happy here, but it's very difficult to create my own startup because I'm on a restrictive work visa.

However, if St. Louis had the ability to request a special exclusion for foreign nationals to create a startup in their city, you'd better believe I would be looking at it very closely. From talking to other people in similar situations, I doubt I'd be alone.

(Of course, if St. Louis had the power to do this then I suspect NYC would as well- and Bloomberg is a very vocal supporter of immigration reform. But still...)

Re: Ten $50,000 grants for startups who move to St. Louis

#30
post #12

EDIT: Post removed. I truly apologize for offending you. I don't like the idea of making people unhappy, so I've removed my post.

(disclaimer: I go to Saint Louis University, but spent last semester in SF) I don't know what you're talking about - it's really not that bad. For example: the STLJS meetup just started less than a year ago and had over 50 people at our last meetup. Granted - it's not SF or SValley, but it's not the hell hole you make it out to be. There are some of the most genuine and kind people I've ever met that are here in STL.…

Sup fellow Billiken.
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