Things are a-brewing in Baltimore's tech scene
I know there's been a lot of introspection in Baltimore's tech circles regarding where the community is heading, especially the Greater Baltimore Tech Council, but leave it to a couple local entrepreneurs to cut through the uncertainty with action, not just words.
In what was possibly the Baltimore's tech scene's worst kept secret over the last month or so, Greg Cangialosi, of former Blue Sky Factory fame, and Sean Lane, of current BTS Corp. fame, are teaming up to launch what they call a "hybrid accelerator" in Locust Point.
Here's my story today online. It's also in the print edition.
What this dynamic duo is trying to create involves a virtuous cycle of idea generation, capital allocation, market growth, and wealth accumulation for the startups they hope to nurture. And with wealth in a functional startup ecosystem comes a helping of responsibility: will you re-invest some of your money back in the community that supported you? It is this ethos that permeates other startup communities that are far ahead of Baltimore, such as Silicon Valley.
Wash, rinse, repeat.
Cangialosi/Lane are investing their own money in the concept and seeking other investors to fuel their investment fund. By next year, we could be looking at half dozen or more new startups in Baltimore under the wings of Cangialosi/Lane.
I'm also aware of a few more similar projects under way, one of which I mentioned in my story, that's being explored by StartupBaltimore's Mike Brenner. And there's yet another project/idea that's percolating, that I'm hoping I can report on soon.
So, with all these ideas, is the community at a "crossroads", per se, as some believe. Or is it going through an uncomfortable growth and realignment phase? Clearly, there are a bunch of people in this town who believe there can be more value-added services and even physical locations that are offered to startups, beyond the Emerging Technology Center's orbit.
I see people moving forward to build out a more supportive ecosystem. The reality is that for many startups, they really don't need or want a big lease and fancy office space. They can be lean and bootstrap their operation from a coworking space, a coffee shop, their home, or a mix of all such options. I see Baltimore's tech community moving forward to support such alternatives to startup building. And that's a good thing.
This is an archived version of the technology blog. For updated coverage, see the current baltTech location: baltimoresun.com/balttech