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Here’s another story (Mercury News) about the differences between the venture and start-up communities on the East and West coasts.
Separately, note that the most ridiculous examples of self-absorbtion do not necessarily hail from Silicon Valley, as some might assume.
The start-up that filmed itself during the boom era of 2000, Govworks.com (the company of Kaleil Tuzman’s, pictured top, which became the documentary Startup.com) was based in New York City. And this year’s self-absorbed company, PayPerPost, is based in Florida (we wrote about PayPerPost here). It has launched Rockstartup to video-chronicle its journey. It has the obligatory episode of the founder Ted Murphy in the car, before and after meeting with venture capitalists (click on image above for video). Of course, Murphy comes back after the meeting, boasting he’s raised $3 million in three meetings, and is going to make his partner so rich. Both PayPerPost and Govworks raised money from Silicon Valley VCs (Govworks raised $60M, including from Mayfield, PayPerPost from DFJ), so valley VCs are partly responsible for this sort of excess too. What do you think? Will PayPerPost bomb, like Govworks did? Techcrunch also takes note.
Also, not sure what the Mercury News meant by the East Coast having an advantage in biotech. There’s evidence that the Bay Area is ahead of the Boston area in this field too.