4 ms·
> The city also lacks a cluster of local venture firms that could kick-start investment in hometown companies. And the major players on Sand Hill Road tend to s
by 6cxs2hd6 13y ago
> The city also lacks a cluster of local venture firms that could kick-start investment in hometown companies. And the major players on Sand Hill Road tend to spend in San Francisco's better-established tech scene or in the valley closer to home.
This makes Sand Hill sound extremely insular and provincial -- that it's not enough to be in the Bay Area, you have to be in one of the "right" neighborhoods. That Oakland may as well be Podunk, Flyover State. Is that really true??
- paulbaumgart 13y agoThere is a feedback loop at play: the entrepreneurs go where the capital is and the capital goes where the entrepreneurs are. The geographical distribution arises organically from that feedback + the initial seed of Stanford University. It's not that VCs look down at Oakland per se, it's that there aren't many good investments to be found there.