Sent to me from an old friend! Researchers from the Center for Study of Entrepreneurship at Marquette University investigated a sample of nearly two thousand companies and categorized the top performers as ‘hypergrowth’ companies and those at the bottom as low growth companies. Solo entrepreneurs founded only 6% of the ‘hypergrowth’ companies.
Partners founded a whopping 94%, and many of those had three or more founders.” “In a poll taken a few years ago, Inc. asked business people if they thought partnerships were a bad idea. Two-thirds of the respondents said they were. When asked why, the majority said they disliked co-ownership because of the partners’ ‘inevitable conflicts’ and ‘unmet expectations’.”
2. THANKS TECHCRUNCH!
I was fortunate enough to be invited to the TechCrunch party – and attended with my good friends from MediaTemple (who seem to be powering most of the valley’s hot startups including TechCrunch!) The party was packed – speeches were inaudible – and everyone had a fabulous time.
There were a few demo booths which had some interesting new technology that I quite liked : ) ! It was a fantastic event – and per usual my good friend (and LA to SV transplant) Peter from Photobucket was in full swing – I believe he is the most recruited new bus person in the valley – no only if I could convince him to move back to LA!
I was able to spend time and hear about the growth of some amazing companies including: Dogster – Ted is definitely growing at a breakneck pace – nice work. Buzznet – events, parties and a growing music scene – hmm – I think there is a business here.. Bebo – I finally met their founder Michael – I had no idea they were only 1.5 years old – wow.. Piczo – Again – I had no idea how big these guys were – seem to be flying way under the radar Box.net – i have always been a fan of these guys – true startup style! Tagged – I can only assume they are the next big acquisition.
They seem to have a market cornered – and their CEO and CTO are some of the brightest founders I have met. Digg – Kevin from Digg seemed to harbor no resentment with AOL / Netscape – he seemed very zen over the whole thing! Flock – I am a believer. I just need to figure out how to integrate! If I forgot to mention anyone – just let me know. I had a great time – my thanks to all! (And if you see Jim in his new RS4 on his way to vegas – tell him the Userplane staff is jealous!)
3. ANYONE LOOKING FOR A GOOD PRODUCT MANAGER IN PORTLAND?
If so – let me know..
4. CODE.TV LAUNCHES LA STATION
Super-smart new web-TV network Code.tv (powered by Brightcove!) has launched its new Los Angeles station – they have done great things in NYC so our hopes are high for LA. Nice work Joseph! www.code.tv
5. NEWS TRAVELS FAST! USERPLANE IN TOP 1000!
6. THANKS TO ALL WHO HAVE EMAILED AND CALLED!
Once I get out from under the load of emails and calls – i promise I will get back to anyone! If you need to get on my schedule faster – just ping Janet at userplane.com – she is setting up meeting and such and handling any immediate requests!