To be fair, there are a thousand reasons to be based in New York City: it's great, the talent is great, it's magical, all that jazz. Don't like living or working anywhere else. Plus, there's a Starbucks everywhere for when you have a cruddy office with no conference room. That is A+. Oh but wait, why would you support a non-NYC startup with coffee money? Take that meeting to, say, Gregory's Coffee. But what has the City done for you lately, besides offering terrific mass transit service and a lack of affordable rent? Mayor Bloombucks has gone on the charm offensive once more about tech startups: "New York Mayor [...]
Last night, Gawker Media held its first real company-wide meeting at the Crosby Hotel screening room, down in the hotel's swank basement. Honcho Nick Denton gave a speech from the stage—just like a real grown-up company, and also totally not.
"His pep talk amounted to showing a chart of upward linear growth and telling us it wasn't good enough," said one employee. "But what do you expect from Nick—is he going to go around and rub everybody's shoulders?"
No. He is not. Denton should feel good that he came off as a real hardass. Everyone knows where they stand now: grow (more!) or get out. And another principle he [...]
Early this week, TechCrunch's Michael Arrington posted about a secret meeting at San Francisco restaurant Bin 38 attended by "ten or so of the highest profile angel investors in Silicon Valley." This precipitated what has become known as AngelGate. Arrington claimed that these angel investors have been colluding in secret to ensure that deal valuations are kept low. Also discussed were how to arrest the growing power of Y Combinator, how to keep [...]