Y Combinator Decamps from Cambridge
Graham is a prickly personality, and he hasn't always had the best relationship with investors here in Boston, but Y Combinator was a net positive for the area: it exposed energetic young entrepreneurs to Boston investors, and vice versa.... even if Graham was never a strong advocate to his entrepreneurs of remaining in Boston once they had completed the Y Combinator program.
Here are the toughest two sentences in Graham's announcement:
Boston just doesn't have the startup culture that the Valley does. It has more startup culture than anywhere else, but the gap between number 1 and number 2 is huge; nothing makes that clearer than alternating between them.
That's not just his opinion... it's reality... and we ought to be addressing it head-on.
Some more coverage:
- Sad day for Boston as Y Combinator pulls up stakes and moves to Silicon Valley
- Paul Graham, Y Combinator exits Mass. for Silicon Valley
- Paul Graham and Y Combinator to Leave Cambridge, Stay in Silicon Valley Year Round
- Y Combinator Pulls Up Stakes on East Coast
- Y Combinator plants permanent roots in Bay Area