I will go out on a limb and say Austin has zero chance of being a serious startup hub without Uber and Lyft. (I am an investor in neither.)
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fair point, but by same token, too early to write off? It's a (temporary) loss but startup volume is up & 150 people move here daily
I never said instantly. But as years pass it gets increasingly implausible to be both a startup hub and not have U/L.
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more concerning to me: only one quality Series A institution and zero Series B or later in Austin now. That'll negatively compound
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U/L in Austin is more about local politics than innovation. Folks outside of Austin didn't see that unfold but it was ugly here.
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The fact that Paul Graham thinks that ... and that others think that (Forbes/WSJ) ... means damage was done, regardless
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so I'm concerned about the ecosystem too, but I see lack of funding and teams worth funding as greater problem. u/L is temp.
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BTW, example: my company WPEngine raised $43m but only $3m from Austin. We've got awesome team & metrics so we could pull it off
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but we're an anomaly, and ecosystems aren't built on anomalies...
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@paulg@asmartbear uh what? Impossible to be startup hub without Uber/Lyft? (Better tell Israel) Or did you mean impossible to be SV clone?Thanks. Twitter will use this to make your timeline better. UndoUndo
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