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by CM30
3218 days ago
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> Good luck trying to get investment to do a YouTube anywhere but California: even the most basic questions like "if nobody buys you, will you make money" would rule you out right away. Yep, I know this one all too well. When I tried to get a Silicon Valley esque startup funded in London, I found that a lot of accelerators and investors were simply more interested in B2B service businesses where they could be sure of immediate revenue. The only reason so many large platforms and businesses got started over in the valley is because the investors there are willing to take chances on a company or idea with no real proven business model on the assumption that it'll find one when it becomes popular enough. Investors in other places will be a hell of lot more skeptical. |
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