As we quickly move towards Citrix Synergy, I thought a bit of context around its new startup component may be in order, and indeed a bit more context about what we’re doing at the Citrix Startup Accelerator as well.
If you’re not familiar with Paul Graham (PG), he is the cofounder of the seed stage investment firm Y-Combinator (YC). YC has brought you such hits as Airbnb, Xobni, and yes, Dropbox.
“The combined value of the top 21 companies is $4.7 billion. Which I admit surprised me. $4.7 billion / 210 = $22.4 million, so the average value of startups we’ve funded is about $22.4 million.” (this was in June 2011)
What might you ask does this guy in Mountain View have to do with Citrix? I would argue a lot. The question is really what does Mr. Graham have to do with the tech landscape at large, the growth trends we’re seeing in early-stage startups, and the world most everyone reading this lives in.
My answer is that it takes less and less to do a lot more in terms of building meaningful technologies. Not less in terms of IQ necessarily, or more importantly ambition around a genuine pain-point or passion, but less in terms of capital and time. With the right skill sets and guidance, billion dollar companies are being born faster and faster.
This is why PG and YC matter to this conversation. They have been instrumental first-movers for the earliest of stage startups, but it’s a trend that is growing, and we’ve only seen the beginning. The Citrix Startup Accelerator picks up where investors like YC leave off for the specific startups in our investment focus. We bridge them to Series-A or acquisition faster. Our offering in doing so is $250K, an office in Silicon Valley, and assistance in enterprise customer validation.
Startup.Synergy on May 9th brings our role in the investment landscape home. It tells our story by concept, thru the companies in our portfolio, from other investors we work with, and by the first of our next set of investments.
The discussions around this make me want to do more with my life. And that’s the point. We in Silicon Valley live in a magic place, but soon enough I’m taking this elsewhere. As are many. The walls are crumbling, the code is becoming more intuitive, the deployment easy from anywhere (thank you AWS). In the next 2-10 years we’re going to see the earth shake and the clouds form, ‘From a Silicon Valley to cloud-covered continents’. That’s what I named our investment panel, and the implications behind it, plus mobile constant connectivity, will change our world. This is what Startup.Synergy is snapshotting, and this is why I joined the Citrix Startup Accelerator. If this post resonates with you, it’s also why I hope you can join us on May 9th.