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External Facing Technologist –We see this model often in companies where technology is used to provideproducts and services to customers and partners; the CTO is the intermediarybetween clients and internal development and the main influencer in thedevelopment of the product portfolio.
PSL, based in Seattle, is a not a VC firm, accelerator, or incubator, but instead is a startup studio, which is a company that creates companies. PSL was announced today and GeekWire’s conference and there’s an extremely comprehensive post explaining how it works at Top Seattle investors raise $12.5M
Also all the big anchor companies that a startup might want to partner with at that time (eBay, Google, Oracle, Yahoo!, The only example I can think of today is Amazon which has now consolidated it’s various offices in Seattle in a single location. My partner @ LeeHower looks back: [link] 5 days ago Search.
Some angel investors join together in syndicates. The fund managers, who are called"general partners," get about 2% of the fund annually as a managementfee, plus about 20% of the funds gains. Not all the people who work at VC firms are partners. Its the partners who decide, and they view things witha colder eye.
These are all potential customers and strategic partners for startups. In short, the first wave of internet companies were widely distributed and brought people online (AOL in Virginia, Microsoft in Albuquerque and Seattle, Dell in Austin, etc.) More than 50 Fortune 500 companies are headquartered in Texas and six of the Fortune 50.
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