Tag Archives: venture capital

The Top 10 Most Entrepreneurial States

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General Assembly Campuses In Entrepreneurial States

Being a small-business owner often means taking bold risks against long odds. According to data compiled by the Small Business Administration, only 34.4% of businesses started in the U.S. in 2002 survived until 2012. But where are the most entrepreneurial states?

There are ways entrepreneurs can increase their chance of success. One way is to go where there’s a bustling local economy with a track record of success for entrepreneurs. Another foundation for success is having enough money to run your business by making sure it is properly funded. When it comes to financing, there are more options than ever — whether it’s through the SBA or a number of online lenders.

NerdWallet analyzed data from the SBA and the U.S. Census Bureau’s County Business Patterns to identify the most entrepreneurial states. Although no entrepreneur is guaranteed success, no matter where they set up shop, there are some themes found in our top states.

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Times Have Changed: Do You Really Need VCs to Launch A Startup?

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Gal Josefsberg is the VP of Product Development at SocialChorus and instructor at GA in San Francisco. In this blog, Gal describes the changes in fundraising needs throughout the years and how you can get your startup off the ground without VC buy-in.

Back In My Day…

I started my career in 1997.  Back then, the internet boom was just starting out and companies were launching into insane valuations over night.  It seemed like everyone was putting together a new site and then going IPO for hundreds of millions of dollars.  Of course, we all know how that ended.  The bubble burst and websites like eToys, pets.com and others lost their insane valuations just as fast as they earned them.  However, what few people remember about that age is that simple sites (and they were very simple back then) like eToys and pets.com needed millions of dollars to get off the ground.

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General Assembly Raises $35 Million in Series C Round

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Since our launch in 2011, General Assembly has made tremendous progress towards our long-term vision: Creating a global community of individuals empowered to pursue the work they love. General Assembly has already touched hundreds of thousands of lives, with a community of more than 100,000 students, including an alumni network of more than 6,000 graduates of our courses across eight campuses.

While our progress has been tremendous, our work has barely begun. Our mandate, our deepest organizational responsibility, is to support these alumni not just now, but for many, many years to come. It is this obligation that led to our new round of funding for General Assembly, designed to ensure that we will be able to educate students and help decades of alumni yet to come. Led by Institutional Venture Partners (IVP), this round represents over $35 million of investment, with participation from other investors including GSV Capital, Rethink Education, Maveron, and Western Technology Investment. IVP is an incredible firm, with an awe-inspiring portfolio including Twitter, Omniture, Netflix, Akamai, Soundcloud, and Snapchat. Todd Chaffee, general partner at IVP, is joining our board, and we’re proud to partner with the firm as we continue to expand our audience and scope of offerings.

While we look toward the future, I also want to recognize General Assembly’s team today. We have 250 amazing, talented people, working tirelessly from outposts across the globe. Working at a startup is a constant challenge and I’m proud of what our team has accomplished. Our ability to continue to invest and grow is due to their commitment to General Assembly and to our students; they are the most crucial element of our collective success to date.

While a financing round is a milestone, it is hardly an endpoint. We want to build General Assembly to still be thriving 75 years from now, and have mountains of work to do to continue to serve our students, alumni, and the countless individuals we have yet to reach. There will be new courses, new campuses, and new audiences to come. We look forward to sharing them with our growing global community.

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Why I Did Not Go To Jail

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This post originally appeared on Ben Horowitz’s blog.
We’re excited to host Ben on March 5th in NYC for a Fireside Chat. RSVP here.

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A lot of people have been asking me what my upcoming book, The Hard Thing About Hard Things, will be like. Here’s a piece that I wrote for the book that did not make the cut. I still think it’s a pretty good story and gives you a flavor.

I just tell the truth so I’m cool in every hood spot
21 years and I ain’t ever met a good cop
—Drake, “I’m Goin In”

After we transitioned the business from Loudcloud to Opsware, we needed a head of finance. Therefore, when the CFO from one of the best-run enterprise software companies became available, I jumped at the chance to hire her.

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