> For these reasons many SV VCs, he says, will not fund startups unless at least 50% of their development work is done outside of California. I don't buy that,

> For these reasons many SV VCs, he says, will not fund startups unless at least 50% of their development work is done outside of California. I don't buy that, at least for generous definitions of "many SV VCs". I don't think any intelligent VC would follow a blanket prohibition like that. And at least in my experience, most SV startups do the vast majority of their key engineering work in the Valley.