Tuesday, February 15, 2011

Can You Really Build A Great Tech Firm Outside Silicon Valley?

Editor?s Note: This is a guest post by Mark Suster, a 2x entrepreneur who has gone to the Dark Side of VC. He started his first company in 1999 and was headquartered in London, leaving in 2005 and selling to a publicly traded French services company. He founded his second company in Palo Alto in 2005 and sold this company to Salesforce.com, becoming VP of Product Management. He joined GRP Partners in 2007 as a General Partner focusing on early-stage technology companies. Read more about Suster at Bothsidesofthetable and on Twitter at @msuster. Last year I was on Sand Hill Road in Silicon Valley meeting with one of the most prominent venture capital firms in the country. We were talking about a company,�Factual (disclosure�my firm is an investor), which was founded by one of LA's most talented Internet entrepreneurs,�Gil Elbaz, who as co-founder of Applied Semantics (purchased by pre-IPO Google for $102 million and now Google AdSense)�is responsible for a large portion of the Internet's monetization.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/W-B-wmG4CkM/

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