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Could you elaborate on how it would make it harder to raise more in the future?
by firefoxman1 15y ago
Could you elaborate on how it would make it harder to raise more in the future?
- wtvanhest 15y agoNo VCs in St Louis.
- sachinag 15y agoNot true. I worked at one! However, it's fair to say there are no VCs in St. Louis that focus on consumer-facing technology companies. That said, St. Louis isn't impossible. Strangeloop STL is one of the hands-down, bar none, best conferences in the country each year; Slicehost did quite well for themselves from there; Jack Dorsey goes back home all the time (a co-founder of Square is from the Lou, and the swipe-powered dongle technology comes out of Wash U); and it's not like Chicago's all that far away.
- wtvanhest 15y agoYes, there are VCs in almost every major city, and I was definitely exaggerating, but the number of VCs in cities like St Louis is laughable compared with the valley. By the time you move a team you may exceed $50,000 in expenses. Anyone who is really serious will not take $50,000 to move to St. Louis. And of course there are exceptions, like someone who has family in St. Louis, or someone who does know investors there etc.