DC Startup Community 2.010

By SocialMatchbox Editor | Jul 26, 2010

A few days ago I had a chance to catch up with an old friend with whom I first met back in 2006 when he had his (then) startup.  We had a great conversation this week.  Four years later he’s working for a big company and looking for his next new job.  He would really like to work for a startup again, but even more he’s looking for a job that he enjoys.  A lot happens in four years.  Since then I have seen hundreds of millions of dollars go into DC startups, dozens of startups go belly up, about a dozen of DC’s smartest startup guys move to the bay area, and about a dozen of DC’s smartest consultants move to New York and Austin.  I haven’t quite figured out the draw of Austin yet, but for New York it is a clear one; the money is tempting (if you ignore the cost of living adjustments you will have to make).  During the same period at least two dozen new super smart people have moved to DC.  Others, here, there, and everywhere in between are plotting their moves too.  This “musical chairs” effect isn’t all that different from what happened after the .com bubble in the early 2000’s.  Back then people made their moves as markets settled down.

The point is that people change and so does the community.  Hence the title: Community 2.010!

A handful of people moving in and out of the community can have a very profound impact.  I am looking forward to the fresh batch of startup founders, consultants, event organizers, and contributors that are arriving daily or who are stepping off the sidelines.  2010 is already shaping up to be the best year for the DC Startup Community ever.

  • http://technosailor.com Aaron Brazell

    I’m just seeing this now for some reason. If you don’t understand the draw of Austin, I encourage you to come visit us on September 8 for the Capital Thought Demo Day. It will not only demonstrate some of Austin’s startups, but it will also demonstrate the innate culture of entrepreneurship.

    Having lived in both Austin and DC… I can tell you that culture runs much deeper here than in DC. DC has had several success stories. Austin has many, many more.

  • http://CaseySoftware.com/blog Keith Casey

    As biased as I am, Austin has a number of compelling points:

    * The cost of living is much less than DC: housing is half, food is 3/4, and even gas is cheaper.
    * Texas doesn’t have a personal income tax. For people coming from the DC area, that’s an immediate 5-8% raise.
    * The tech community itself is just as big if not bigger which is odd considering the population is smaller. I’ve already started collaborating with Ross to get some of the organization that DC does well – http://www.austintechevents.com/ And I know of a half dozen groups not listed yet.
    * The area has the heavyweight anchor companies like Rackspace, Dell, Adobe, etc, that bring huge dollars and attention to the area but then a huge swath of startups ranging from OtherInbox to GoWalla to Chaotic Moon. And that’s leaving out that groups like Facebook are setting up shop for 200+ people.
    * The sheer amount of tech and collaboration that happens with UT is ridiculous.
    * In Austin specifically, there are core contributors to WordPress, Joomla, Drupal, and many, many other major open source projects. I’ve met numerous core contributors for major projects in .Net, Rails, and Python in just the past two weeks.
    * The quality of life is better.. there’s music, theatre, art, and similar like DC, but it’s all closer, easier to get to, and often cheaper.
    * Personally, I like that AUS has direct flights to SAN, LAX, SJC, SFO, Vegas, DEN, SEA, BWI, and a half dozen other places.

    And overall the vibe is different. You go to happy hours and events here and people are talking about the tech, raising capital, getting to market, building compelling features, and everyone regularly has something new. And they’re all wearing shorts.

    My 0.02

  • http://www.socialmatchbox.com Editor

    As I was reading a comment thread by you guys on Facebook, I got a call from a DC startup founder who just quit his day job to focus on his startup full time in Northern Virginia. He told me about another startup founder who had previously had a very lucrative exit who has just moved to the DC area. As I write this response I am taking a break from a startup working session with two co-founders. Austin is a cool town that I love to visit, but DC is my startup town.

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