Agree with you, it's certainly better to be at the same place, but there are hundreds of counterexamples of huge successes with VCs not living near the companie

Agree with you, it's certainly better to be at the same place, but there are hundreds of counterexamples of huge successes with VCs not living near the companies. In Europe, Israel, Russia, we have plenty of them. We are also investing with a lot of local investors and they are sometimes managing the local relationship (or mostly making things worse :-() Last but not least, many of our companies are targeting a local market (China, India, Pakistan, Switzerland, France, Argentina, UK, Germany...). They have nothing to do in the Silicon Valley. The YC model is awesome. No doubt on that. but there is room for many other models. (and thanks God, we invested in Rapportive before they went to YC ;-)). Check also what my partner is building : 1000Startups, the biggest incubator in the world in the center of Paris http://1000startups.fr/en/ http://1000startups.fr/en/