Missing YouTube founder flees facebook froth in valley, seeks next prodigy in midwest
alleyinsider.com
alleyinsider.com
The fact he is not a media-whore, went back to academia even though he could have made more $$$ going back to YouTube when things started taking off, and now actually, and I believe genuinely, wants to help other founders who may not be exposed to as much opportunity (principally due to their background and geography it seems) makes me like him more.
He used to have some good reads on his site (http://www.jawed.com/), but sadly they have all gone now (a consequence of fame, and hence too many eyeballs on his thoughts, not being in-line with his character?).
I think this is absolutely true (especially regarding fb), but I also believe that the hype & noise comes with the territory. Viable business model or not (YouTube is still struggling in that regard), SF has a significant pool of both human and fiscal resources which is critical to execution and survival.
There's an obvious win if he wants to invest in biomedical startups, the UofM is much stronger in the health sciences, and the Mayo clinic is only an hour out of the metro area.
I hope he's successful. I would have loved to stay closer to my family. I have younger friends with engineering degrees who want to stay in the area, and are pretty much working at Starbucks, playing online poker and scrimping along with their own projects so they can avoid the horrible "enterprise" work that makes up 99.9% of the programming jobs available in the area.
Note: I grew up 4th generation Minnesotan, I think more recent immigrants probably avoid most of the cultural baggage.
I spent a number of formative years in Minnesota, and being a 4th generation Scandinavian immigrant, I couldn't agree more with your assessment of the area.
I'd also add that conformity is a very strong value in the upper Midwest. It's really hard to break out of the box because there are such strong cultural morays against doing anything different from what the people in your community are doing.
Finally I'd like to add as a data point that most of the smart CS/Tech guys that I went to college with in Minnesota spent the majority of their spare time playing Dungeons and Dragons and participating in the Society for Creative Anachronism.
That said, both Google and Microsoft are opening offices here and the CS dept. is accepting more people into their program.
We've also recently gotten a Kauffman grant for UW-Madison, and student orgs like the UW Entrepreneurship Association and Collegiate Entreprenurs' Organization have been gaining popularity to allow for lots of different types of business ideas to develop if you're not looking for web based software. That's not to say there aren't any (We're one), but there are definitely fewer than SF/Boston/Twin Cities.
@incomethax, like Wisconsin though, VCs around UM are skewed more towards biotech-related startups. And, like Wisconsin, Ann Arbor also lacks the financial resources of a S.V/Boston
Most people forget that uiuc consistently has one of the top 5 engineering programs nationally (an honor it shares with the likes of MIT, Berkeley, and Stanford, and Cal-Tech).
And I'd feel pretty confident claiming it's the best in the midwest, hands down. Yet, I can't count the number of people (in Cambridge) that have no idea what I'm talking about when I mention 'uiuc' or the 'university of illinois.'
I think part of the problem is that besides a handful of great programs (like engineering and accounting), uiuc is rather easy to get into. I suppose this means that the average uiuc alum that you'll meet isn't likely to be as bright as the average stanford alum, even though our engineers stack up quite well.
One important demographic trend is that, even though people may be marrying later, they seem to be forming long-term, serious relationships earlier-- often in mid-college. This means that people are actually less mobile/nomadic than they were in the past two decades, and so you're not going to see the bulk of the talent gravitating to 3 or 4 coastal cities; you'll see it gravitating toward 10 or 20 more well-distributed cities.