Atlanta’s Pitch to West Coast VCs


David Cummings on Startups

Today, 10 people from Atlanta, including Mayor Kasim Reed, are heading out to Silicon Valley to meet with several venture capitalists and large tech companies in order to espouse the benefits of Atlanta. All the great benefits of Atlanta will be highlighted including strong technical talent from Georgia Tech, massive airport with direct flights around the world, low cost of living, and growing population of educated young professionals. It’s important to convey this message as there’s real value to it.

Only, this isn’t going to get VCs excited. VCs get excited about the prospect of making huge amounts of money for their limited partners, which in turn makes huge amounts of money for themselves. If they don’t do that, they can’t raise another fund, and they go out of business.

A great city with strong fundamentals doesn’t incite the fiery capitalist function in an investor.

Instead, what’s needed is…

View original post 149 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s