4 ms·
TL;DR: Not necessarily. It depends. If you care about venture funding, then yes, 35% of funding still is silicon valley. If you care about being acquired, then
by rexreed 6y ago
TL;DR: Not necessarily. It depends. If you care about venture funding, then yes, 35% of funding still is silicon valley. If you care about being acquired, then increasingly less so. If you care about IPOs, then yes lots of Silicon Valley-based IPOs. Basically, looking at this from an exits perspective shows Silicon Valley has an edge still.
Are those the metrics that matter though? Why does looking at this from a purely exits perspective matter?
- Waterluvian 6y agoI'm not really that knowledgeable about this. But why is funding limited by geography? Or is it a self fulfilling prophecy?
- rexreed 6y agoIt shouldn't be, but it is. Lots of VCs won't invest outside their network and outside the range of people they can physically influence. Sometimes it has to do with sitting in on board meetings (which is increasingly less relevant). Some of it has to do with who they can pull in from their networks for leadership positions, most of which is geographically concentrated. But in an increasingly more remote-first workforce, I think that's becoming less relevant too. Honestly I believe this article is written from a perspective that might become increasingly less relevant over time. To your point, geography matters now, but maybe much less so in the not-too-distant future.