In recent years, buttoned-down New York City has become an epicenter of open-collared consumer Web startups, with one hot brand after another drawing in users and venture capital in tandem. But the city that doesn’t sleep may have to work through the night reinventing itself if investors’ growing infatuation with all things enterprise goes unabated.
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As the number of employees at New York-based, venture-backed startups grows, more of them are looking for “something a little different,” say industry observers. And a little closer to home.
Social Scene: Schwarzman Reminds Us How Poor We Are, DePonte Talks Snakes, Rich British Entrepreneur Goes Gun Crazy, More
In this week’s Social Scene, buyout bigshot Steve Schwarzman shows yet again that he has way more money than you and me combined, VC Naval Ravikant gets the old “I left the code at home” excuse, a rich British entrepreneur goes gun crazy, and Skype investor Morten Lund is a year older today. Have a [...]
Posted on: November 12, 2010 by Connie LoizosComments Off
Charlie O’Donnell may not be be loved by every last entrepreneur in New York, but they all know him — or will. Indeed, while plenty of young venture capitalists do their share of networking to stay in the game, O’Donnell is a networking maestro in comparison. He doesn’t just make introductions, appear at conferences and attend parties; he creates the parties, organizes the communities and regularly comes up with new ways to drum up deal flow.
It’s a ways from where O’Donnell thought he would be not so long ago. In the summer of 2009, O’Donnell’s startup, Path 101, was running on fumes, unable to attract Series A funding. When he ran into Josh Kopelman of First Round Capital at a popular event that O’Donnell organizes, both spotted a match. First Round had sewn up a dozen deals in New York but wanted to be better plugged in. O’Donnell — who worked in junior roles at both General Motors Pension Fund and Union Square Ventures before starting Path 101 — needed a job.