Hacker News new | ask | show | jobs
by jawnv6 2702 days 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?

2 comments

But 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.

Right, 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?

Because I was engaging in a broader discussion. I'm sorry for offending you.
You only need the VC who funds you though. Chasing after one elsewhere might be better odds because everyone else is looking to CA.
"the" VC? lol