Golf Was Considered to be the Sport/Event Where U Can Meet Investors and Venture Capitalists (VC’s) and Pitch Your Startup Ideas to them, But Now the Time has Changed and Nowadays Cycling has Become the New Trend to Meet Investors and VC’s to Pitch Your Idea.
Hi Everyone Today We Will Talk About How Cycling Has Become the New Road to Startups In Silicon Valley
For Many Years Cycling Has Been the Sport Of Choice For Workers in the Silicon Valley’s Competitive Tech Community, An Antidote to More Leisurely Pursuits like Golf. Just like Golf, It has Become A Way For Investors & Executives to Socialize and Strike Deals.
Venture Capitalists (VC’s), Recruiters and Other Professional Networkers have Introduced Cycling Events Throughout the Bay Area that Focus On Building Camaraderie.
“What I like About Cycling is A Ride Can Be Any Length, and Most People Know How to Ride A Bike,” said Ali Behnam, Co-founder of Riviera Partners, A National Recruiting Company that Counts Dropbox, LinkedIn, Pinterest and Uber Among Its Clients. “Golf is A Big Time Commitment, and It Requires Practice to Be Reasonably Good,” he said.
Investors & VC’s Say They Get To Know Entrepreneurs During Cycling Rides
Max Levchin, One of the Founders of PayPal, Said People have Tried to Pitch Ideas to Him During His Daily Training Sessions, Cruising at Over 20 Miles An Hour. Sami Inkinen, a Co-founder of the Real Estate Website Trulia and a Triathlete, Made the Case for his Startup, Virta Health, while on a ride this year with Levchin and another investor Raymond Tonsing of Caffeinated Capital. That was exceptional, Levchin recalled. “It’s rare that you have someone who can pitch a company while riding hard.” Tonsing invested shortly after the ride, and Levchin joined in several months later.
Thinking He Needed to take Up a “California Sport,” Greg Gretsch Started Cycling in 1988, When He Moved to the Bay Area to Work in Marketing at Apple. He Bought a 10 Speed Road Bike & Joined a Group of Other Apple Employees for a Standing Noon Ride. “I think I Went 4 Miles Before I Got Dropped,” He Said, A Reference to Being Left Behind by Faster Riders.
Gretsch, Is A Founding Partner with San Francisco Based Jackson Square Ventures, Which Makes Early Stage Investments in Fledgling Companies. Cycling is Primarily for Exercise and Escape, But It Has Also Been Good for His Career. “Connecting with People is Important to What I Do, and You Can Learn a Lot About A Person, and from A Person, On the Bike,” said Gretsch. He Said He Had Met New People On Every Ride and Had “Already Seen One Deal Because Of It.”
In Silicon Valley, Cycling is the New Golf
Gretsch Started Inviting “Silicon Valley Types” to Join a Monthly Ride that Typically Meets Near the Golden Gate Bridge and Covers 20 to 40 Miles Around the Marin Headlands. “Outside of College, The Strongest Relationships I have are with People I have Worked With or Worked Out With,” Gretsch said. To Find Potential Members of the Group, Called the JSV SF Startup Ride, Gretsch Compares his Company’s Network of Professional Contacts with San Francisco Bay Area Users on Strava, A Performance App that Lets Users Track and Compare their Times, Distances and Routes.
Cycling, by Contrast, Is Communal and Lends Itself to Formation of Common Bonds, Whether it’s Because of the Lung Burning Sensations of a Hard Climb, the Endorphininducing Thrill of A Big Descent, the Expense of the Equipment or the Form Fitting Attire.