Greensboro’s blog/social media biz scene
As a quick followup to my aside (scroll down to the bottom of the post) on Greensboro’s blogging/online biz startup community, a few folks have said they/we are working on it, over at Greensboroing and Billy in comments. Glad to hear it. I can’t wait to see (and maybe report on) some news out of this.
(And Beth, I’ve never said Greensboro is not a serious blogging community.)
FWIW, the folks at The Deal have a few insights from venture capitalist James Slavet on what he looks for in social networking startups.
He said he looks for an authentic vision from the founder. He also takes into account the early growth rate. And he isn’t deterred from investing in a company that is only popular with the early-adopter crowd. This was the case when Greylock originally invested in Digg and LinkedIn.
Link.
It’s probably good to note here, too, that despite all the media attention venture capital gets, that’s not the only way to start and grow a significant business.