I concur. I guess those are tied to investors who live in the area and do not wish to fund startups they need to travel too far to oversee? I read that a promin

I concur. I guess those are tied to investors who live in the area and do not wish to fund startups they need to travel too far to oversee? I read that a prominent SV investor values his time at $200,000 an hour. If that's true then I guess it makes sense for some investors.