East coast vs. West coast
I’m just back from the 16th annual Genesys partners' dinner in Manhattan, where I met with many of the leading financial sponsors in the New York area. Special thanks to Genesys founder Jim Kollegger for putting some of the brightest minds in tech in one room. Splitting my time between East and West coast, I’m constantly reminded at how differently the financial sponsors look at deals. The West coast favors game changing, high-risk endeavors that go boom or bust with a bang. The East coast likes conservative, predictable niche plays that offer incremental growth and a higher chance of returning a double or triple – but no real shot at a home run. Not only are the investors different – the entrepreneurs have adapted to their environments. A West coaster with big ideas wouldn’t make it to the second meeting in NY, and an East coaster on Sand Hill Road would be advised to think bigger.
Posted by NatBurgess, President on 05 February 2010
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