Kindle Notes & Highlights
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August 24 - December 20, 2013
the story of NYC is a story of entrepreneurship,
entrepreneurs reinvesting their wealth back into the next generation of entrepreneurs.
What has happened in NYC can happen anywhere that has the entrepreneurial spirit and the freedom to innovate.
New York is on its way to overtaking Silicon Valley as the center of attraction for talent and capital from all over the world,
Silicon Valley
is five to six times larger than New York by volume of capital invested.
it is not enough to create an entrepreneurial ecosystem on paper.
Cornell NYC Tech University campus,
Brooklyn
Etsy and the inventors at MakerBot.
even the most brilliant idea is useless unless it can find the capital to finance it.
full of talent and creativity, energy and enthusiasm,
ready to risk failure and then start over again.
gen...
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sense of community,
twice as many startups founded by women in New York as there are in Silicon Valley or in London.
“Do It Ourselves,”
peer-to-peer exchanges as alternatives to the model of mass production and consumption.
believe it is important to share the experience
inspiring other cities.
the true enemy is fear, not hatred. If you live without fear, anything is possible.”
fearlessness and love for “impossible” challenges.
NY Tech Meetup: with over 30,000 members
“1996 was the year that New York City’s startup community took off, and the year that the commercial Internet took off.
New York is not hipster heaven. All the dinosaurs that we are changing are in New York. It is a bunch of old Lunchtime O’Booze publishing executives who arrogate to be the industry when they have never invented or done anything.
‘let’s start, and then we'll see how to make sales and profits.’
bursting of the Bubble for him was not a tragedy but a kind of “cleansing” of insane Internet businesses.
after the bubble burst that the good part of the Internet really started to take off.
attack of September 11, 2001. An absolute evil that, however unintentionally, generated a good seed.
how powerful people can be when they get organized.
organize local communities about anything, and that led to Meetup: use the Internet to organize individuals in a community.
innovation passes through these cycles of boom and bust,
David S. Rose.
The New York Angels are over 100 and collectively invest between $100,000 and one million dollars into a business.
Since 2004 the New York Angels have invested around 45 million
very personal story about how they started their career as an investor.
real engine that makes everything run is commercial entrepreneurship.
Angelsoft (now Gust), a software company serving groups of angel investors,
Howard Morgan
Josh Kopelman,
sale of DoubleClick that year for $1.1 billion: exits like that are essential to grow the high-tech ecosystem, because the managers and engineers who have made some money selling their company can then take some risks and invest in other startups, created by them or by others.”
Another encouraging sign for the establishment of New York as a technology hub was the decision by Google to open a large site in Chelsea in
Alan Patricof,
from a few hundred thousand dollars to $4 million. And own anywhere between 1% and 20% of the companies we invest in. We
investments we have made have returned between four and ten times their money.”
New York, thanks to this strong, dense network of communities, will become a great tech city in the future.”
losing a job can be a golden opportunity to start your own business.
Rather than getting discouraged and quitting, Bloomberg turned his demotion into an opportunity to prototype what would later become his winning product:
“competition, diversity, access to the world, and, most of all, human capital,
Center for Economic Transformation (CET), a bridge between Government and private entrepreneurs, especially those in the high-tech sector.
