VCs don't fund outside of clusters because early stage private investing is very different from public market investing. There's a reason why Buffett can live i

VCs don't fund outside of clusters because early stage private investing is very different from public market investing. There's a reason why Buffett can live in Omaha and be the best investor of all time. Contrast this with embryo stage companies where they really are investing in the team. They don't feel comfortable when the team is far away. Not to say this is right but it's due to human nature being what it is.