Paul Graham is (finally) Wrong About Something
I don’t hide the fact that I think Paul Graham’s insight about startups is second to none. I’ve been one of his cult members for quite a while - long enough for me to covet a new Prius. Unfortunately, I have to take a major exception to one specific part of his most recent post. He lumps Houston in with cities that have “start up activity too small to measure.” I can tell you that this is categorically incorrect. I can go into the litany of the Houston Technology Center’s clients or the companies that have presented to the Rice Alliance or why Houston has the most entrepreneurially minded business community in the world. But that is not going to make his statement any less true from an outsiders perspective. Since we’re not on either coast it means that Techcrunch and the WSJ don’t have the access to cover the companies that are here on a regular basis. Sometimes we’ll get an occasional Wired blog post, but it’s not the same as being able to go to the parties at night on a whim. The best local coverage we have is a radio program/podcast that I highly recommend from Russ Capper and John Beddow called The Business Makers.
I get to see emerging technology start ups based here every single day. Surely I make it my business to interact with them, but there are still a lot of them out there that I don’t know. Houston still tends to see more Energy (now alternative energy) and BioTech (devices more than pharmaceuticals) than consumer-facing Web 2.0 software deals, but I can assure you that we have more than our fair share that are struggling to raise themselves out of our swampy little backwater, that happens to be the fourth largest city in the US.
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[...] Marc Nathan takes exception to this in his recent post over at Bull Dog Financial, saying he “gets to see emerging technology start ups based here every single day.” Alex Muse disagrees too, “It might be easier to raise money if you locate your business in the Bay Area, but you might be able to build a ‘better’ company in Houston.” Now, Paul didn’t bother to mention New Orleans, and that’s probably because we are a city where startup activity actually is too small to measure, who knows maybe like Detroit (Chicago seems like stretch too). But I know from personal experience that outside of Silicon Valley, I’ve had more connections to startup activity and entrepreneurial energy in Houston than anywhere else I’ve been lately. The BarCamp in Houston in June absolutely blew the doors off the BarCamp in San Francisco in July. They simply didn’t compare. [...]
Pingback :: October 19, 2006 @ 110:57 am
[...] I’ve come to realize that I haven’t posted in months, but leave it to the always brilliant Paul Graham to pull me out of semi-retirement. Not that I always agree with him. His latest post is about how angel investors are the seeds that create startup hubs is absolutely spot on. The fact that entrepreneurs are the likeliest sources of angel funding for new ventures, proves the old addage, “Success breeds Success”. The real issue that most budding start up companies have in terms of funding is where to find these sources. [...]
Pingback :: May 2, 2007 @ 210:05 am