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	<title>Sneakerhead VC &#187; NYC</title>
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	<link>http://www.sneakerheadVC.com</link>
	<description>Tech, entrepreneurship and sneaker culture served fresh</description>
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		<title>Changing trains, building teams, moving to NYC</title>
		<link>http://www.sneakerheadVC.com/2010/11/19/changing-trains-building-teams-moving-to-nyc/</link>
		<comments>http://www.sneakerheadVC.com/2010/11/19/changing-trains-building-teams-moving-to-nyc/#comments</comments>
		<pubDate>Fri, 19 Nov 2010 20:03:53 +0000</pubDate>
		<dc:creator>Phineas</dc:creator>
				<category><![CDATA[First Round Capital]]></category>
		<category><![CDATA[NextNY]]></category>
		<category><![CDATA[#FRC]]></category>
		<category><![CDATA[NYC]]></category>

		<guid isPermaLink="false">http://www.sneakerheadVC.com/?p=756</guid>
		<description><![CDATA[I am super excited to become a fulltime part of the First Round Capital New York office and to officially add my name to the list of LOCAL resources available to the NYC community.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.sneakerheadVC.com/wp-content/uploads/2010/11/brooklyn-bridge-etc-170-Edit-1.jpg"><img class="alignleft size-medium wp-image-757" title="new view" src="http://www.sneakerheadVC.com/wp-content/uploads/2010/11/brooklyn-bridge-etc-170-Edit-1-300x200.jpg" alt="" width="300" height="200" /></a>At <a href="http://www.firstround.com">First Round Capital</a> we believe that the country is flat &#8212; and we strive to find (and fund) the best entrepreneurs regardless of where they are located.  This requires us to travel.   <strong>A lot.</strong></p>
<p>For the last several years, I’ve lived in Philadelphia – and have spent a fair amount of my time on planes and trains &#8212; making trips to Boston, New York, the west coast and anywhere else kick-ass entrepreneurs are attacking big-ass markets. However, as the New York ecosystem has continued to grow, what started out as a weekly trip from Philadelphia to NY has become an almost daily commute.  The vast majority of companies in our portfolio that I work with are located in NYC – and, as a result,  most days of the week, most days of the year, I give 4 hours to Amtrak.</p>
<p>Four hours of daily commute is a lot of time.  While it allows me time to keep my inbox up-to-date (for the most part), it is time I can’t spend meeting with new entrepreneurs or helping our portfolio companies.</p>
<p>That’s why I’m super excited to announce that my wife and I are moving to New York.  This will give me 20 additional hours each week with the 35%+ of our portfolio that calls New York home.  This is 80 hours each month in our office on Union Square working with Howard, Chris and Charlie to be more available, more prepared and more helpful to each founder we have the opportunity to connect with.</p>
<p>I’ll continue to spend time travelling – to Boston, Philadelphia and elsewhere in the country.  But I am super-excited to shift from Amtrak to the L train. To live in the center of a rapidly growing and amazingly vibrant community of founders and investors. To become a fulltime part of the First Round Capital New York office and to officially add my name to the list of <strong>LOCAL</strong> resources available to the NYC community.</p>
<p>If you have decided to be a founder I would love you to teach me about your business. If you have decided to be a founder in NYC, I hope the lesson can occur in person.</p>
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		<title>NYC: a winning culture and the start-up</title>
		<link>http://www.sneakerheadVC.com/2009/12/24/nyc-a-winning-culture-and-the-start-up/</link>
		<comments>http://www.sneakerheadVC.com/2009/12/24/nyc-a-winning-culture-and-the-start-up/#comments</comments>
		<pubDate>Thu, 24 Dec 2009 14:38:56 +0000</pubDate>
		<dc:creator>Phineas</dc:creator>
				<category><![CDATA[NextNY]]></category>
		<category><![CDATA[Pattern Matching]]></category>
		<category><![CDATA[NYC]]></category>
		<category><![CDATA[start-up]]></category>

		<guid isPermaLink="false">http://separatepiece.com/?p=356</guid>
		<description><![CDATA[Since June, I have been hanging out in the New York tech scene and think the environment that cradled jazz and created Hip-Hop is now supporting a new generation of creative talent. For me, the key to the NYC community, what makes it sexy, is a culture that expects to win and to win big.]]></description>
			<content:encoded><![CDATA[<p>Michael Karnjanaprakorn wrote a<a href="http://www.mikekarnj.com/blog/2009/12/21/new-york-startup-movement/#comments"> great piece on the NYC start-up scene</a> and included a list (growing through the comments) of all the great things happening in the city where I spend most of my days for <a href="http://firstround.com/">First Round</a>. He says, &#8220;I believe that NYC tech start-ups have a better eye for design, user experience, business models, and creating companies that solve real problems (and not launching more “me-too” companies).  And the icing on the cake?  The companies coming out of NYC right now are just… sexy.  There’s no other way to explain it.&#8221;</p>
<p>Since June, I have been hanging out in the New York tech scene (and getting back into the NYC-kicks scene as a sneakerheadVC) and think the environment that cradled jazz and created Hip-Hop is now supporting a new generation of creative talent. For me, the key to the NYC community, what makes it sexy, is a culture that expects to win and to win big. Certainly the urban density and the consumer insight this offers to those who will listen is powerful and the scale required for notable success in this environment sets a high bar for entrepreneurs to judge themselves against, but it is the swagger of NYC, the assumption of victory and pride in the success of other New Yorkers that defines this movement.In my mind companies being built in NYC have advantages and these advantages led an entrepreneur to tell me, &#8220;I don&#8217;t care what they do. I am in New York, they aren&#8217;t. Ultimately, we will win.&#8221;</p>
<p>The reality of starting a company in NYC is an environment that shapes your thinking as an entrepreneur:</p>
<p>1. User feedback &#8212; surrounded by millions of people who will try shit, interrupt you and tell you what they think. NYC start-ups know they have to iterate early and often or become irrelevant. Stealth doesn&#8217;t happen here.</p>
<p>2. Not afraid to jump &#8212; you have to have guts to live in NYC in the first place. Starting a company is hard, but the street-smarts required to survive the bright lights and big city serve New York founders well.</p>
<p>3. Really big pie &#8212; when the center of the universe is outside your front door, you don&#8217;t view ideas or the entrepreneurial ecosystem as a zero sum game &#8212; collaboration, not competition, is the dominant approach. Entrepreneurs in The City know each other, help each other and root for each other. They are also honest with each other.</p>
<p>4. Culture of winning &#8212; success is expected in NYC. Home to the world&#8217;s most famous arena, Wall Street, Hip-Hop, Madison Ave. and the fashion industry&#8211;if it is not a big idea it is not getting airplay in NYC. But everyday new ideas spring up and take shape as smart, highly motivated people are inspired by their environment and informed by their community.</p>
<p>5. No sleep &#8217;til Brooklyn &#8212; the answer to &#8220;what do you do?&#8221; in NYC is your job. In New York people live to work, love to crush and the entrepreneurs find time to have a blast doing it. I have been lucky enough to work hard and play hard in NYC this year and I can&#8217;t think of a better place to do it or a better group of people to do it with.</p>
<p>If you have other reasons that NYC is creating so many sexy companies with such great commercial potential, I would love to discuss in the comments and if you want to include me in your hard work or play in 2010, shoot me an e-mail (phin@firstround.com) or find me on twitter <a href="http://twitter.com/phineasb">@<a href="http://twitter.com/phineasb" rel="nofollow" target="_blank" title="View phineasb's Twitter Profile">phineasb</a></a></p>
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		<slash:comments>5</slash:comments>
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		<item>
		<title>EcosystemNYC</title>
		<link>http://www.sneakerheadVC.com/2009/07/25/ecosystemnyc/</link>
		<comments>http://www.sneakerheadVC.com/2009/07/25/ecosystemnyc/#comments</comments>
		<pubDate>Sun, 26 Jul 2009 01:14:16 +0000</pubDate>
		<dc:creator>Phineas</dc:creator>
				<category><![CDATA[Launch Code]]></category>
		<category><![CDATA[Charlie O'donnell]]></category>
		<category><![CDATA[ecosystem]]></category>
		<category><![CDATA[NYC]]></category>

		<guid isPermaLink="false">http://separatepiece.com/?p=153</guid>
		<description><![CDATA[This past week I had the opportunity to spend an entire day in New York meeting with entrepreneurs ]]></description>
			<content:encoded><![CDATA[<div id="attachment_156" class="wp-caption alignright" style="width: 310px"><img class="size-medium wp-image-156" title="ecosystem" src="http://separatepiece.com/wp-content/uploads/2009/07/ecosystem-300x203.gif" alt="Traditional Ecosystem" width="300" height="203" /><p class="wp-caption-text">Traditional Ecosystem</p></div>
<p>This past week I had the opportunity to spend an entire day in New York meeting with entrepreneurs who were not actively seeking funding and others who have dedicated their efforts to supporting the entrepreneurial community in New York through organizing conferences or focusing their legal expertise on corporate formation, IP and negotiating founder friendly initial investment structures. I was invigorated by the opportunity to brainstorm with them, suggest resources for them and absorb their energy and enthusiasm for what they are working on.</p>
<p>My motivation to spend a day this way came from reading <a title="About Charlie" href="http://www.thisisgoingtobebig.com/me.html">Charlie’s</a> post on the NYC ecosystem <a title="ecosystem NYC" href="http://www.thisisgoingtobebig.com/2009/07/behind-the-scenes-mentoring-in-startup-communities.html">here</a> and he was one of the people who made time to hang out. We had a really positive conversation and I am going to try to be in the city once a week to follow through on much of what we discussed. I will be at the <a href="http://groups.google.com/group/eroundtable/browse_thread/thread/40b9ea12b4de6048">Entrepreneurs Round Table</a> and <a href="http://digitaldumbodrinks.eventbrite.com/">Digital Dumbo Dinks</a> this week. If you think I can add value to your business based on my <a title="Phin's Bio" href="http://firstround.com/team/pbarnes.html">background</a> and want to get together in the city, let me know.</p>
]]></content:encoded>
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