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Your wording could have used some improvement, but I think you're onto something about the regional concentration of influence and money being a negative thing
by sudosteph 10y ago
Your wording could have used some improvement, but I think you're onto something about the regional concentration of influence and money being a negative thing for the well-being of the nation.
We need to stop writing off states that aren't progressive enough as places unworthy of investment or business. Part of the problem is that "founder culture" isn't big in smaller cities away from the west coast. Some time and investment towards teaching students at state colleges and community colleges across the nation, along with some actual investments could go a very long way.
Of course, most VCs already have a deluge of bad ideas that will come to them, so they don't think there is much to be gained from seeking out new sources of ideas. But that's elitism and laziness. There are talented and driven Americans who may not talk with the same lingo or approach the same problems the same way, but leaving them out (or requiring them to move and be surrounded by others who do think how VCs want) will only entrench the existing divide.
- PaulHoule 10y agoIt is more exit culture than founders culture. SV may not be the best place for a company with less than $500k in funding (say you want to start Twitter) but it probably is the best place if you need to scale up fast and seek progressively larger rounds or get acquired by a big player.