4 ms·
Others covered a lot of aspects already,so I'll just add this: We are seeing the same story again and again.A few Europeans go to the US,pitch, and get funded.
by cosmodisk 6y ago
Others covered a lot of aspects already,so I'll just add this: We are seeing the same story again and again.A few Europeans go to the US,pitch, and get funded. I can't imagine raising $3M+ on this side of the pond after only a few months of starting and without having some very good connections.
- billme 6y agoRaising VC funds outside of greater Bay Area is not only harder, but generally per equity traded, you get less in return. Generally, these cluster investors cluster around an asset-type, industry, jurisdiction, and proximity. Bay Area startups raised roughly $46 billion in 2019, compared to Europe in sum raising $36 billion; if you’re raising more than $10 million, not attempting to raise funds in the Bay Area is likely poor choice.