Season 1 . . . Episode 2 . . . no end in sight . . . I’m not sure how much more I can take.
Now that the dust has settled from the PR, subsequent Valley backlash, promos, more backlash, and last week’s premiere, we actually get to see what we have here with Bravo’s “Start-Ups: Silicon Valley.” Basically, it’s formulaic reality show.
Seed Stage Slaughter
At the Bloomberg Empowered Entrepreneur conference, talk of seed stage slaughter was in the air.
“A lot of seed stage startups are going to die,” said Jeff Clavier. “An enormous amount were funded over the last two years, and the money is not there now to support them in the next round.”
Lerer ventures Eric Read More
The Real TechStars of New York
Last week on the premiere of TechStars, the startups got the good news about their golden ticket into the inaugural New York class (more selective than Hahvard, didja hear?). Last night, the reality show’s second episode (you can watch the whole thing here) focused on Lesson One: Humility–as in, it just might behoove you to get some. Fast. One startup picks up $1 million in funding. One startup goes to Hollywood to meet their idol. And we learn that you don’t have to know a whole lot about gaming to throw around the words “gaming mechanics.” Here’s what you missed!
One Two Wall Street's Coming For You
While investment banks jockey to become the lead underwriter for the next hot new tech IPO and broker-dealers dip into the secondary market for Facebook stock, another Wall Street contingent has been barreling its way into the tech sector.
According to the Wall Street Journal, hedge funds with a hunger for tech stocks and seeking higher returns are increasingly investing in private start-ups. If you ask some venture capitalists, this is A NO GOOD VERY BAD THING.
Jeff Clavier, founder of SoftTech VC, a small, but influential Palo Alto firm told the Journal:
“Hedgies investing in start-ups directly is scary. They are the antichrist of patient, supportive early-stage investing.”