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Wednesday, October 20, 2010

Angels reveal another side of E la Carte move

By Galen Moore

Last week, Mass High Tech reported restaurant tabletop device maker E la Carte had moved its headquarters from Cambridge to Silicon Valley. This week, we learned Boston wasn’t so inhospitable to E la Carte, after all: the company raised its first angel investment here, from old- and new-guard angels – Going.com founder Roy Rodenstein, of the newly established HackerAngels group, and former Lotus Development CTO John Landry.

In the exit interview with founder Rajat Suri, he questioned why any startup with big aspirations would remain in Boston. But going up against better-established companies in a competitive and difficult market, Suri, a first-time entrepreneur, was able to raise a seed round here.

The received wisdom is that Boston has too few angels, and too timid, to chase Silicon Valley’s foment of early-stage tech startups. Actually, there are any number of reasons why startups relocate to the Valley. In a Mass High Tech guest post today, Rodenstein lists five of them – and five things Boston can do to keep companies here.
 

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