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Google launches a 6-month accelerator to help startups build mobile products

Google launches a 6-month accelerator to help startups build mobile products | Pitch it! | Scoop.it

Google has joined the ranks of Y Combinator, 500 Startups, and Techstars in launching an accelerator, something that you wouldn’t necessarily expect from the technology giant. The program is built on the company’s Launchpad initiative and is a long-term engagement with select startups from around the world to give them the best resources, access to great mentors, and help accelerating their product. Read more: click image or title.



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Marc Kneepkens's insight:

Another #accelerator, this time from #Google.

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Goodbye Silicon Valley: why tech startups are flocking to megacities

Goodbye Silicon Valley: why tech startups are flocking to megacities | Pitch it! | Scoop.it


Not a week goes by in the world of tech without someone heralding the globe’s next Silicon Valley – from New York City to Norwich, London to Lagos, the list goes on.

But the real story here is not the next Valley, it’s the death of the tech cluster as we know it.

To understand what makes a tech cluster we have to first look at what made the Valley a success.

It started with the founders; a concentration of white, middle-class, socially awkward geeks, inseparable from their Macbooks. Academic institutions such as Stanford support the ecosystem and that attracts the next generation of Larry Pages.

If you have ever tried to visit the likes of Apple or Google in the heart of Silicon Valley you will know it is not an easy place to get to.

Back in its heyday, the Valley’s isolation from the rest of the status-quo of banks, big business and city life allowed it to thrive, think bigger and build world-changing companies. It gave us game-changing technologies from the semi-conductor all the way up to Apple’s array of iconic iDevices.

But, in time, disruption became inevitable.

In the new wave of tech centres no other city has raced ahead of the pack with this trend like New York. I recently sat down with the city’s former mayor Michael Bloomberg during London’s inaugural Technology Week where he told me he is bullish about the potential for both New York and London to overtake the incumbent Valley: “To be a leading tech city you need the infrastructure, you need the environment to attract people and you need a diversity of people. London and New York have that. Silicon Valley does not”.

Bloomberg is referring to the big picture. It is no longer enough for tech startups to exist in silos of isolation. Tech businesses now need the energy, talent and diversity of the world’s megacities to thrive.

In the Far East many look to Hong Kong which draws upon decades of experience as a world financial capital. It also boasts unbeatable access to China, the world’s biggest market. In the past few years hundreds of startups have popped up and the city-state is now positioning itself as the leading place for foreign startups to relocate and gain access to Chinese talent and research and development.

This new generation of tech companies outside the Valley are less fixated with first-world problems like taking a selfie that looks like it has been taken with a vintage camera. These companies are disrupting centuries-old systems put in place by the establishment.

The key here is existing industries. It is far easier to challenge an existing industry like finance when it is right on your doorstep. You have access to the experienced talent, networks, suppliers, buyers and the entire ecosystem of that industry around you.

This trend is happening across industries. Stockholm may not have the same level of hype as many of its European neighbours but the figures speak for themselves: 6.5% of the world’s billion-dollar exits between 2005–12 were companies from Sweden. Again the majority of these success stories draw upon the city’s existing strengths in music, the arts and gaming.

This opportunity to apply the best of startup culture to existing industries is where much of the growth will come from in the next tech boom. This can only happen in the world’s megacities, which already attract young people looking to build exciting new companies.

Even in California, home to the Silicon Valley, startups are looking for the next thing and flocking to the big cities. Dating app Tinder has emerged as one of the biggest success stories to come out of Los Angeles’ burgeoning tech scene.

Despite being on the doorstep of the Valley, San Francisco has fast become a magnet for tech talent drawn to the big city. The shift away from the Valley has become so strong that the likes of Google and Yahoo based over 30 miles away operate shuttle buses to move employees back and forth to their campuses each day.

Isolated clusters cannot fight the tide of talent flocking towards the bright lights of cities. San Francisco’s expensive and unpopular commuter buses are perhaps the best sign of the times, while pundits obsess over the next Silicon Valley, the world’s megacities are marching ahead.

Alex Wood is the editor in chief of Tech City News

 

 

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Via Edouard Estour, Denis Liotta 
Marc Kneepkens's insight:

This is big for startups and the economy in general. Duplicating something like Silicon Valley over the rest of the globe will kickstart even more startup hubs and accelerate the phenomenon.

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What I’ve Learned in My First Month as a VC

What I’ve Learned in My First Month as a VC | Pitch it! | Scoop.it

After 13 years at startups—the last four at Twitter—I’ve made the transition into venture capital as a partner at Redpoint Ventures. It has been just over a month since I began spending my days on Sand Hill Road and in that short time, I’ve learned quickly about working in a tight, seasoned partnership as well as having listened to some of the smartest, most interesting startup pitches.

Thus far, my transition from an operating role into an investing and advisory role has been a rapid, intense education. Some parts of the job are as I expected but others have been surprising. Before it all becomes a big blur, I thought I’d share some of the most interesting and unexpected lessons I’ve learned —so far:

To continue reading, click on the title of the article.



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Looking for VC capital? Learn from the best, watch this presentation by the CEO of Growthink: 'VC Pitch Formula'



Via Guillaume Decugis, Marc Kneepkens
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Guillaume Decugis's curator insight, December 5, 2013 2:27 AM

A candid list of lessons learned from Ryan Sarver that gives interesting insights on how VCs will look at an investment opportunity. Useful to craft the perfect pitch. 

Marc Kneepkens's curator insight, December 7, 2013 11:17 AM

Whether you are a Startup looking for funding, or an investor, looking for the right investment, there is a lot to learn from this article. It's and inside viewpoint that examines the process of funding the right idea and team.

Lori Wilk's curator insight, December 23, 2013 10:30 AM

It's great to learn from what others have tried and experienced so that you can be better prepared.

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Google’s big move creates more space for startups

Google’s big move creates more space for startups | Pitch it! | Scoop.it
Google will have room for hundreds of new employees in a move to new offices that also frees up space for what will become North America’s largest technology incubator.

More than 350 employees have moved from Google's former offices in the Tannery building in downtown Kitchener to much larger space in the nearby Breithaupt Block development.

The Internet giant had 80,000 square feet of space in the Tannery building. It has 185,000 square feet of space in the new offices in the Breithaupt Block, a former industrial building that at one time housed a rubber factory and auto parts plant.

"We will be hard pressed to run out of the space for the next few years," said Steve Woods, Google's senior engineering director in Kitchener. "I think the fact that we are being given this opportunity is a sign that we are doing well inside the Google context."

He wouldn't say how many employees Google may add, but he noted that the company's local workforce has grown more than tenfold since it arrived in Waterloo Region about 10 years ago.

"We grow organically with our teams' successes, and the opportunities that come up," Woods said. "Hopefully we will have the opportunity to grow significantly." Read more: click on image or title.



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Marc Kneepkens's insight:

#Google is creating more space in their offices near Toronto, Canada. They will have the biggest #startup #incubator in N.America.



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Commentary: The year that was in tech, and what's ahead

Commentary: The year that was in tech, and what's ahead | Pitch it! | Scoop.it
SAN FRANCISCO – Was it the beginning or the end? As 2013 hurdled to its conclusion, the debate on 2014 had just begun: Is the tech industry on the verge of a renaissance or is the bubble about to burst?

 The glass-half-full types point to Twitter's titillating IPO; the other half insist that's when investors cashed in on social media's hype.

The truth, as always, is somewhere in the middle. It's indisputable Twitter's public offering will usher in a wave of IPOs. But the payoffs may not match the froth of the microblogging service, forcing would-be IPO candidates to seek corporate suitors. Indeed, Twitter shares are hovering near $65, up 44% from its opening day of trading Nov. 6.

The social media storm comes against a backdrop of wrenching changes. Tech's old guard — Microsoft, Hewlett-Packard, Dell and Cisco Systems — continues to wrestle with the slowly dying PC market; smartphone sales, meanwhile, are expected to top 1 billion in 2014 — roughly three times the population of the USA. (By early October, there were more than 1.5 billion smartphones in use worldwide.)

To continue reading... click on the title of the article.


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Via Marylene Delbourg-Delphis
Marc Kneepkens's insight:

Tech is creating a revolution. Hardware, software, and just about every aspect of our life. Startups are taking advantage of this situation. Funding is soaring. Startups are taking off!

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sand0z's curator insight, December 27, 2013 3:55 AM

A look back at 2013 and some hints for what's coming in 2014.

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Anyone Anywhere Can Build The Next Google -- There Are No Barriers

Anyone Anywhere Can Build The Next Google -- There Are No Barriers | Pitch it! | Scoop.it
A common excuse that entrepreneurs make for not being able to innovate is the lack of venture capital in their region.


A common excuse that entrepreneurs make for not being able to innovate is the lack of venture capital in their region. They argue that because investors are not ready to take a risk, they can’t succeed. Policy makers all over the world make the same excuse. Access to venture capital may have been a problem as recently as a decade ago, but is no longer an inhibitor. The cost of developing world-changing startups has dropped dramatically. With the exponential advances in technologies such as computing, storage, and sensors, entrepreneurs can do what only governments and big research labs could do before: solve big problems.

To read the full article, click on the title.



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Via Marylene Delbourg-Delphis
Marc Kneepkens's insight:

Wow! Great article, must-read for startups and entrepreneurs. There is no more excuse for waiting to get the big funding check. Just do it!

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Guillaume Decugis's curator insight, November 22, 2013 8:48 PM

Several good examples that show how dramatically the cost of creating breakthrough innovations has decreased.

Alba Redin's curator insight, December 1, 2013 7:07 AM

Successful entrepreneurship, who succeed? THose companies who are different, Game changers (they aim to compete on different terms), market entry and tey are in essense guerillas.

Ranjit Kovilinkal's curator insight, December 2, 2013 11:08 PM

The culture of big risk taking has to fall in place in India for something really big to emerge! Any comments?