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February 19, 2007

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I'm really surprised that you didn't see any technologies besides .Net and Java. With all the hype these days about Ruby on Rails and other scripting languages/platforms, I'd have expected at least a few to fall into an "other" category.

I suppose that's good news for anybody who buys Paul Graham's argument that startups can win by using more productive tools.

so how many did/will you fund?

Rick

that is something that gets talked about in politics, bank boardrooms and university entrances -- but never the VC world unfortunately

male / female representation within startup land

a topic for some meaningful analysis!

http://www.wellingtonfund.com/blog/

Ken,
There were many flash front ends, AJAX, etc, but the majority of systems guys fell into that category...

You,
These are no harm/no foul meetings which typically are designed for the start up to get to know the process, know the VC world, etc. They are not coming in asking me for money in that first meeting.

Mark,
Amen.

Very Very Cool! Too Bad I am such a lunatic and don't do software requiring startup money.

Rick -- how many of them had previous startup experience? For those that had, any of them "win"?

Chris,
As these are no harm/no foul, into to the land of VC type things, I usually don't expect past start up types to show up. There were, in this case, three guys who had done start ups before and were asking more about Canada the VC industry in general. don't have the 'win' status, sorry.

Interesting... $2.7 million sounds like a lot for a seed round, no? I'm thinking $0.75 to $1.5 million for my project, BuzzPal - The World Is Your Party (www.buzzpal.com). Cheers, Chris

Interesting stuff Rick. I'm surprised the .net percentage is so high. In this Java/LAMP world why would anyone bear the capital costs of purchased back-end software?

I'd be interested in the correlation between the amount of money sought and the development environment used. Do the .net guys need more capital because they have to buy software? Maybe it's counter intuitive and they project themselves to be more efficient in people or hardware and need less capital?

Mike,
Good comments. I'm not exactly sure of the connections between the dev choice and money. I'm going to look into that some more and post on it.

thx.

.NET applications can run on Mono, which is open-source and free.

Visual Studio for development is fairly cheap (or free).

In any event, if VS cost $5k and saved them 10% dev time, it's a deal. If running windows server costs them an extra $500/server and that makes the difference between profit and loss, they don't have enough profit to care about. (Google supposedly has 100k servers. At $500/each, that's only $50M. Big money, yes, but not a priority 1 item.)


Rick,

What was the average age of these founders/co-founders? As an undergrad who has entertained the possibility of pitching to VCs I'm curious to see if the average age of founders is steadily decreasing with technological advances.

Thanks,

Michael

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