4 ms·
50% of VC funding lands in CA. 50% of that is on Sand Hill. So ~25% of all VC funding happens in offices in Palo Alto, the sheer efficiency of chasing a fundi
by jawnv6 8y ago
50% of VC funding lands in CA. 50% of that is on Sand Hill. So ~25% of all VC funding happens in offices in Palo Alto, the sheer efficiency of chasing a funding round can't be beat.
For an established serial entrepreneur with a proven track record, it can absolutely make sense to stay in an area you know. But I think that math really changes if you're going to be cold calling VC's, trying to wrangle meetings from 3 time zones away, get meetings bunched up to consolidate travel, etc. The overhead of redeye travel is relegated to a joke at the end, where's the "measurement" on that?
- JohnFen 8y agoBut that only matters if you're chasing VC money. That's the norm in silicon valley, but (depending on your goals) it's not necessary in order to start a profitable business. I've started and sold a handful of successful tech companies, but have never taken a dollar of VC money.
- jawnv6 8y agoRight, the article is chasing VC money. They have a calculator to see how far a VC dollar will take you called "VC Arbitrage". The author takes flights to SF specifically for VC meetings. You're talking about a situation wholly removed from the article, why?
- JohnFen 8y agoBecause I was engaging in a broader discussion. I'm sorry for offending you.
- bluGill 8y agoYou only need the VC who funds you though. Chasing after one elsewhere might be better odds because everyone else is looking to CA.
- jawnv6 8y ago"the" VC? lol
- deleted 8y ago[deleted]