3 ms·
Outside of a major startup hub you're probably better off finding local investors or relocating. The single biggest bottleneck at any VC firm is the partner's
by ig1 9y ago
Outside of a major startup hub you're probably better off finding local investors or relocating.
The single biggest bottleneck at any VC firm is the partner's time. If the partner has to fly out to meet you (multiple times during the investment process + for every board meeting) it means you require significantly more time than a local investment. It's also a lot harder for a remote VC to provide support in areas like hiring (i.e they're unlikely to have many good candidates in their network who are located near you).
All of this means that the threshold for a VC to want to invest in a startup outside of their key hubs is higher than for local startups.