Outside the Echo Chamber: Growing A Startup In New Hope, PA

http://techcrunch.com/2010/08/07/outside-the-echo-chamber-growing-a-startup-in-new-hope-pa/

by crad • 16 years ago

31 6 16 years ago

lg• 16 years ago

In pg's equation for a startup town (great university + rich people), New Hope definitely has rich people. It's where my parents took me when we wanted to go someplace.

JangoSteve• 16 years ago

We employ 80+ people – most of them local to New Hope.

So they're just up to $2mil in revenue and they have 80+ employees? Seems like he mentions the number of employees they have like it's a good thing. I'd be doing everything I could to avoid that stat in the article.

gojomo• 16 years ago

From the chart, it appears to have recently reached $2 million per month. On an annual basis, $300K revenues/employee and improving isn't so bad.

rmorrison• 16 years ago

It seems everybody believes they live in an above average location for startups, similar to how everybody believes they are smarter than average.

I grew up 10 minutes from Hew Hope, PA, then moved to Philadelphia, and recently moved to San Francisco. New Hope is nice, so is Philly, but they're simply in a different league. Yet, at entrepreneur events people were excited about the prospects for becoming the next Silicon Valley.

If you don't believe this, just goto one VLAB or Hackers and Founders in the valley to realize the difference.

hvs• 16 years ago

I don't think anyone has ever said that it is impossible to have a startup outside of a tech hub, just that it is orders of magnitude more difficult outside of them.

And as JangoSteve mentions, that revenue looks much less impressive when you see that they have 80+ employees.

I wish them the best of luck, as I like to see software companies thriving outside of the valley (no offense to any one there, I just happen to like Chicago), but the article reads more like "this is the best we can do outside of the big tech hubs" rather than an inspirational story.

skmurphy• 16 years ago

We would not be surprised to see a new "standard" product business in New Hope--a furniture maker, plumbing fixtures, etc... The last two decades have steadily eroded any significant technology barrier to a software/SaaS business. If MyYearbook can spot an unserved market opportunity they can grow a software/SaaS business in New Hope.

Outside the Echo Chamber: Growing A Startup In New Hope, PA

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