[lazyjones]

> Deals done into {Germany,LA,SV,SF} from funds anywhere in world.

That's not the same as the available venture capital. If there are no good investments to be made, the potential venture capital simply isn't (all) invested. So the point that lack of VC is a problem is wrong, it's the attractive startups that are missing. It's the same in Austria - I invested in 2 startups, got a little burned and have since not invested for lack of good opportunities. I've also been asked a few times by a larger German company for my opinion on potential investments, so I know they're looking and can't find anything worthwhile. Funding is not the problem! And the "market size" is only indicative of the (too few) good startups, not of the potentially available capital.

[gumby]

If you think that’s the case why not invest in the USA?

[lazyjones]

I am investing in the USA, just not in the VC market. The legislation is a barrier, the physical distance too. So it's just the stock/options market for me now.