Recent cross section data for the reaction γ + p → K + + Λ are examined for evidence of scaling in both the low-t Regge domain and in the high √ s and −t domain where constituent counting may apply. It is shown that the reaction does scale in both regimes. At large center of mass angles, s −7 scaling appears to hold at essentially all −t, but with angle-dependent oscillations. The scaled data show particularly strong evidence for s-channel resonances for −t below 2 GeV 2 and for W below about 2.3 GeV. The dominant contributions are consistent with an N * S11 resonance at 1690 MeV,