TechCrunch co-founder Keith Teare outlines the capital distribution across different startup funding stages in Silicon Valley.
Opinion
Teare: Economic Independence for Women Is More Important Than Voting Rights
“Well, allowing women to work would seem to be a pretty big step, even more important than allowing women to vote. Because with money comes power, and freeing women of the responsibility for individually raising their children, you know, goes right to the heart…”
Assertion Not checkable as stated
Teare: Structural Position of Women in Tech Remains Virtually Unchanged
“But the truth is, the structural position of women is barely changed, except, you know, you can point to very high-profile exceptions, very similar to the structural position of African-Americans or African Europeans, who, you know, you can get a high-profile …”
Assertion Contradicted
Teare: 98% of Seed-Stage Startups Die From Lack of Follow-On Funding
“About 98% of those companies die. And they die because there is no money to fund the next step, which is to build a team and build something really substantial.”
Opinion
Teare: No Rational Silicon Valley Founder Launches Android First
“IOS first, which is very typical here in the Valley. No one does Android first unless they are, you know, somehow politically minded to make that choice. No rational business person does that.”
Insight
Teare: Foreign Founders in Silicon Valley Are Judged More on Merit
“As a foreigner, you get judged on your merits. Actually easier than Americans. Americans, you know, they do ask which school did you go to each other, and it doesn't matter what the answer is. But if you're a foreigner that, that doesn't play a role.”
Opinion
Teare: VCs Naively Expect $100K to Go Far in Modern Startups
“But the funding environment has kind of got a delayed reaction. It still acts as if it is cheap, and it thinks you can do a lot with a 100,000 dollars, which you can't.”