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But as a founder, what are your priorities? Strengthening the local economy, or making your business work? I don't think most founders have the luxury to insist
by lincolnq 16y ago
But as a founder, what are your priorities? Strengthening the local economy, or making your business work? I don't think most founders have the luxury to insist that they get funded in their hometown.
- royrod 16y agoAgreed, it's a tough problem. I think Boston investors want to support Boston startups, but because of their structure/individual limitations (mentioned in the article) they can't necessarily "take one for the team" if it's investing 20% of their 'dry powder' for the year. That said I do think startups can play the "fund us locally" card a bit.
- acconrad 16y agoIt's not REALLY a priority, but a tactic for fundraising. Mint bought their domain from a VC by saying he could be the only investor in the NYC area and that would stroke his ego. The same thing needs to happen in Boston.