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Given that most startups discussed here are Internet-related, enabling people to do things over the web, the fact that most VCs and entrepeneurs seem to think t
by Maro 17y ago
Given that most startups discussed here are Internet-related, enabling people to do things over the web, the fact that most VCs and entrepeneurs seem to think that you have to physically be in insanely expensive Silicon Valley is pure conformism ("You should be on a plane to Silicon Valley NOW!"). Of course, since they're the ones with money and networking, they turn this arbitrary dogma into a law of investing. It's a self-fulfilling prophecy. In the long-run, this is an acpect that entrepeneurs outside the U.S. can turn against them and outcompete them. Of course it's insanely hard, it's like trying to outcompete romans 2000 years ago.
- csbartus 17y agoWe are still living the American Dream on the Internet too. Given that I'll loose all my HN karma points I'll have to ask stop thinking in Internet Startup = US. Stay with your family back home and run a successful business. Or maybe I'm missing out completely why there is such a gold rush to the valley.