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It 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
by rexreed 6y ago
It 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.