I am sitting in the session at the MIT Enterprise Forum event where I will be giving the afternoon keynote and the VC panel is up there talking about where Boston stands in new web ventures. It is clear that there is a culture shift that is being changed in Boston. They are talking about how the environment is faster and Boston needs to hit some home runs.
There is a ton of capital and talent but how come there are no big ventures??? This is the topic. In my opinion I think it is because Boston VC are too slow to invest. I’ve started companies on both coasts and the west coast is clearly a leader in investing web ventures.
Boston are entrepreneurs are screwed if the VCs don’t step up. Being from the area originally now living in Palo Alto I have a deep connection with and see great entrepreneurs here in Boston.
Some are blogging the event. I’ve noticed that there are not many bloggers here.