Denver has quietly become one of the fastest-growing startup meccas in the United States. In 2015, Denver startups attracted more than $822 million in venture capital funding, with companies in the technology, energy, food and marijuana sectors leading the way. The city also routinely ranks as one of the best cities to live as a millennial, and young people from across America are flocking to the state in record numbers to build Denver-based business. Why it’s great for women and minority entrepreneurs.
2014 is slowly turning into the “Year of San Francisco.” The East Coast media in America has anointed SF as the new hub for innovation, conspicuous consumption, and comically absurd rents. New York Magazineparachuted a bunch of reporters into the Bay Areato figure out how to steal their douchebags back. The article asked “Is San Francisco New York?” No, it’s much worse. The existential crisis around San Francisco’s ascension to the heights of assholery stands in stark contrast to the fact that it is damn near unlivable for most normal people.
The end is nigh for a city that used to be a magnet for the counter-culture. San Francisco was strangled, so we decided to go over the numerous causes of death.
San Francisco used to be that place you moved to if you were too weird for LA, but too lazy for New York. It was a perfect city to ply your trade as a quirky motherfucker with a penchant for “edgy performance art” and whimsical scarves. That was just dandy. We liked that.
Around every corner, there could be an anarchist bookshop or a dude covered in glitter, wearing a Spongebob t-shirt, and sporting a raging hard-on. Where did that San Francisco go? Across the fucking bridge, that’s where.
Oakland is cheaper than San Francisco (but not by much), it’s close to Berkeley’s cultural gravity, and it’s just a BART trip away from what’s left of SF’s relevance. It’s also an industrial wasteland full of crime and Raider fans. You might ask yourself, What happened to San Francisco’s iconoclastic spirit…? Well, in two simple words:
There’s always been a bourgeois element to San Francisco that we all just ignored. The landed gentry of Nob Hill, Pac Heights, and Sea Cliff have always been there. They have owned their home for years, love wearing fleece sweaters, own nothing but real wood furniture, and are the type of people who tool around McCovey Cove in their yachts during Giants games. They are from a different planet and don’t mingle with the plebs. They have their world of brandy snifters, champagne flutes, cheese tastings, and obscure European automobiles. They honestly don’t care what you think.
The tech bro, on the other hand, seeks to engage in city life. They go to the same bars you do. They eat at the same restaurants. They badly want to be accepted as “cool,” while also having more money than you and getting chauffeured to work in a free corporate bus. Their insistence on trying to infiltrate the real San Francisco has pretty much killed the real San Francisco. Dolores Park, once a safe haven for burnouts to drink 40s and smoke weed at 2:30 PM on a Tuesday, is now the world’s biggest networking event for dudes who wear khakis to the gym.
In New York, Wall Street people know they’re pricks. In Los Angeles, Hollywood people are too stupid to know they’re pricks. In San Francisco, tech bros think they’re saving the world with their crackpot schemes aka “start-ups.” They’re the fucking worst.
Did you know that, 60% of small businesses fail in the first twelve months? This statistic is very discouraging for budding entrepreneurs that want to get started with a new start-up.
Does that mean you need to squash your beautiful business startup idea that is starting to germinate? Far from it! You know there is a quote of Seth Godin that I love because it says it all.
Stop trying to find the formula that will instantly make your idea into a winner. Instead of being scientists, the best marketers are artists. They realize that whatever is being sold is being purchased because it creates and emotional want, not because it fills a simple need. ~ Seth Godin
As with anything in life, there are simple steps and processes that you can take to increase the chances of success. The most important part of any startup idea is definitely the amount of research.
The Business Start-Up Idea
As you very well know, any business starts with an idea. If you have not had a startup idea, yet it is a good time to give your imagination free reigns. Maybe you have a hobby and always struggle with a specific item – if you can come up with a solution for that specific problem, it would be a great idea. People are passionate about many things, therefore the best start up ideas are usually problem solvers.
Important here is to understand that all business opportunities fall into one of the following four categories.
1. Offering an existing product/service in an existing market. 2. Introducing an existing product/service to a new market. 3. Offering a new product/service in an existing market 4. Introducing a new product/service to a new market.
So the first step is to look at the above categories and if you already have a business start-up idea categorize it accordingly. Once you have clarity about your idea, it is time for the next step… market research.
Robert Browning said “The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.”
Years ago, buying shares of people in the same way you’d invest in shares of a company sounded like ham-fisted sci-fi satire. Today, these “human capital” contracts are very real.
In a report for Business Insider, Alison Griswold looked at startups Upstart and Pave, which are pioneering the field of direct human capital investment. They work like this: Young people put together their credentials and request a target amount from a pool of investors. Upstart and Pave run applicants through a prediction algorithm that generates an interest rate based on their expected future incomes during five- or 10-year contracts. Over the life of these contracts, investors own minority shares not in ideas or plans, but in people themselves.
In other words: the startups allow venture capitalists to pay a lump sum to workers up front in exchange for a portion of their future earnings.
In the 14th Aug 16 edition of Israel’s good news, the highlights include:
· A new Israeli treatment can prevent damage from strokes. · Israeli helicopters evacuated 8 wounded Syrians including 2 children. · Israel is helping Cameroon to prevent the spread of bird flu. · An Israeli startup can identify a sweet watermelon from its photo. · One of Israel’s oldest companies is building roads in Colombia. · Two Israeli judokas have won Olympic medals.