Teamly and 500 Startups
Now that the list for the most recent entrants into the 500 Startups accelerator has been published, it's time to offer congratulations to Scott Allison, CEO and Founder at Teamly. He and I met (via Twitter) when he was still in Glasgow, contemplating moving to London, and he's achieved a lot since then.
He's also contributing regular articles to Forbes - the latest on what it takes to get accepted into the 500 startups accelerator, for nine of the twenty seven new entrants.
Silicon Valley is still the best place to grow a 'eyeball' business - one which has potentially millions of customers, whether consumers or enterprise. You can start that business somewhere else, and probably should, since somewhere else will be cheaper - but if you want to scale it up and to compete with everyone else selling to the English speaking world, the Valley is the place to do that. It has the investors, it has the accelerators, it has the lawyers, it has the people who've done it before, all accessible.
To get to the Valley, the company needs to show some success , and have some resources with which to do that - 500 startups, Techstars,and Ycombinator, are accelerators - you have to have something to validate their investment of money and time in you, and you are competing with a tough, global, crowd.
Well done to Scott and Teamly for having made it this far !
Be awesome at work; stay focused, collaborate better, and celebrate your achievements.
List of new entrants to 500 Startups http://www.forbes.com/sites/tomiogeron/2012/05/09/500-startups-27-new-co...
Cultivate Companies http://www.cunningsystems.com/2011/12/determining-demand-cultivate-compa...