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Do the VCs tend to insist that the projects they fund are also located in the Valley? If so, why?
by jbay808 6y ago
Do the VCs tend to insist that the projects they fund are also located in the Valley? If so, why?
- tolbish 6y agoIt's not so much insisting as it is the path of least resistance.
- bitwize 6y agoIt's just that things tend to happen much more quickly, easily, and serendipitously if you live in the VCs' neighborhood. It's the same thing as why people advocate for being physically in the office, for face-to-face meetings and "passing in the hall" moments.
- tick_tock_tick 6y agoLots of them do or at-least require the project to move here. It's not for a nefarious reason but rather to help them. If they need advice, more engineers, a CTO, some PR people, etc the VC has all their connections here so bringing the project here is more feasible.
- stainforth 6y agoVCs have some set percentage invested in commercial and residential real estate there as well as a hedge