A LAST WORD: WHERE IS THE GROWTH CAPITAL?
I’ve had the pleasure of meeting with several venture capital firms over the past several weeks. One thing that I’ve noticed is that opportunity is very much regional. In the above graph, derived from Shai Goldman’s data, you’ll see that the majority of venture capital financing is managed in California, New York, and Massachusetts. If you live outside of those zones, your barrier to entry is considerably higher. And this is only outdone by your barrier to receiving a term sheet – which is even less likely. Funds are typically apathetic to founders who do not operate within their ecosystem. Of course, there are exceptions.
See more of the issue here.