Starting up in Silicon Alley (Session in Web2.0open)

Part of what I love about the Web2.0 NYC this year is the Web2.0open (a barcamp type event right in the middle of the sales floor).

This afternoon, a session took place about “Starting up in Silicon Alley.”

Here are some on the fly notes from what each of the panelists said:

Cleantech (and companies associated with it)
Also thinks it is the next bubble
Lots of winners along the way
There is inventory that is always valuable and there is inventory the company doesn’t know how to make of interest
90 of life is having a great idea and team, 5% is networking
Create thing big and that create a lot of money (then you have options)

The key person to any company is the entrepreneur, not the
MtoM (Mobile to Mobile or Machine to Machine)
Great time to be a woman in tech
Check out Gary’s Guide
Check out NextNY
Shake Shack is the subject of twitter hacks, people offering to stand in line and now have big parties
Time is scarce
If you have been trying to raise money for 6 months, and don’t have a few bites, there is something wrong
Sees a trend that there are no IPO’s

What are the markets and how do you expand on them.
Data is big
Some bash the networking opprotunity, but finds the not ‘just drink’ events very useful
It is mission critical that you are a part of the community
NextNY is huge
Networking events outside the echo chamber are fantastic

Carbon credits will be a bubble
Ad supported content on the decline (correction here, Karin fully meant: funding will not be available for content that can’t attract an interesting audience (whether it be a niche segment for which advertisers are willing to pay or enough page view volume at lower CPM rates))
Get yourself an advisory board
Find great mentors
Check out meetup.com for niche events

Thank you to the pannelists!

See everyone at Wine2.0 tonight!

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