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From the article: "It's not likely to fix itself," said EIG co-founder Steve Glickman. "Entrepreneurs are everywhere, but capital flows are really isolated and
by bglazer 9y ago
From the article:
"It's not likely to fix itself," said EIG co-founder Steve Glickman. "Entrepreneurs are everywhere, but capital flows are really isolated and captured in a handful of places."
From YC's FAQ section:
Location
Can we do it without moving to where you are?
-Sorry, no. We tried this once, and by Demo Day that startup was way behind the rest. What we do, we have to do in person. We would not be doing a startup a favor by not making them move.
I've said this before, but the conservatism of YC regarding location is astounding when considering the diversity that YC accepts in virtually all other facets of its operation.
They'll invest in a file sharing app and a nuclear reactor company in the same batch, but apparently investing outside the Bay Area is just too hard.
- emerged 9y agoSorry, if you don't move to SF, attend burning man regularly (and use the Experience to completely define yourself from then on) and disavow any right-leaning views, you have no right to participate in the startup world. Well, that's how it feels as someone living in the midwest who has tried to be a part of startups. I lived in California for over a decade and the entire startup thing was almost too easy to participate in. Money thrown all over the place, easy to find new startups or participate in your own. But god help you if you don't feel like living in California.