The media has been full of stoÂries regardÂing the move by Angel investor Chris Dixon, from his regÂuÂlar base in NYC, to SilÂiÂcon ValÂley, but does it matter?
For anyÂone lookÂing for media jobs, it may be an indiÂcaÂtion of where the market’s going and that despite the best efforts of major cities to develÂop their own tech hubs; CalÂiÂforÂnia is still where it’s at.
Chris Dixon – the Man
If you need a clue about where to put your hard-earned cash when it comes to tech starÂtups, then Chris Dixon is the man to ask. Dixon is curÂrentÂly co-founder of Founder ColÂlecÂtive and forÂmer CEO and founder of SiteAdÂviÂsor which was acquired by MacAfÂfee, and Hunch, which was swalÂlowed up by eBay.
He’s a HarÂvard-eduÂcatÂed serÂiÂal investor who cerÂtainÂly seems to have an eye for a promisÂing new venÂture havÂing put monÂey into KickÂstarter, Skype, DropÂbox, Foursquare, KnewÂton and Stripe, as well as othÂers that are still in stealth mode. If he doesn’t know about it, then it’s probÂaÂbly not worth lookÂing at.
As well as an eye for potenÂtial sucÂcess, Chris has also been a vocal supÂportÂer of New York’s tech scene. He’s heavÂiÂly involved HackÂNY, a project designed to keep young peoÂple away from Wall Street to conÂcenÂtrate on potenÂtialÂly more lucraÂtive techÂnolÂoÂgy, mobile and social media jobs. InterÂestÂingÂly, when he sold Hunch to eBay, part of the deal was that the aucÂtion giant would build a state-of-the-art camÂpus comÂplete with hot-deskÂing options and space for speakÂer series so that techÂpreÂneurs could build their busiÂnessÂes from withÂin their home city.
All that will change now though, as a new job as GenÂerÂal PartÂner at Andreessen Horowitz will see Dixon make the move to SilÂiÂcon Valley.
Why Go There?
Andreesen Horowitz has always been adamant that it would nevÂer expand beyond its CalÂiÂforÂnia base. Not that the team don’t like the bright lights of the big city, indeed some of its biggest deals are based in the Big Apple, includÂing Foursquare, Quirky and Fab. HowÂevÂer the team at Andreessen Horowitz are known for takÂing teamÂwork very seriÂousÂly and if Dixon wants to play, he has to do it at their house.
HowÂevÂer Dixon is seeÂing the move as a good one for New York. He said: “You can think of it as I’m abanÂdonÂing New York or I’m beginÂning the process of bringÂing the best venÂture firm in the counÂtry back to New York. I like to think of it as the latter.”
That’s how Dixon might like to think about it, but those involved in NYC’s techÂnolÂoÂgy scene would be right not to hold their breath waitÂing for an Andreessen Horowitz office anyÂtime soon. HavÂing said that, he’s sure to remain a staunch advoÂcate for his home city – after all many of his investÂments are based there and some will soon be on the lookÂout for Series A.
Chris has made no secret of the fact that his next move will not be a startÂup and the Andreessen Horowitz modÂel is one he’s always admired; and like it or not, the bulk of the activÂiÂty remains in SilÂiÂcon Valley.
“I’d be nuts not to take this job,” he conÂtinÂued. “The realÂiÂty is New York is doing well and growÂing but is still sigÂnifÂiÂcantÂly smallÂer than California.
“If I was going to start anothÂer comÂpaÂny, I’d argue I could be anyÂwhere as long as I can hire develÂopÂers. But if you are going to do venÂture capÂiÂtal at scale, it’s clear to me that CalÂiÂforÂnia is where you want to be based.”