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by petejames 2117 days ago
I think you are right if trying to raise money at the idea stage but if you have built something people want, investors don't care about your background. Growth chart will get anyone funded.
2 comments

Growth chart will get anyone funded anywhere. Not only in silicon valley.
Patio11, we need you! Tell us of the atrocious funding environment in Tokyo. Tptacek, tell us of how much more conservative the funding environment is in Chicago! Patrick Collision, pc, speak of why you live in the US, not Ireland!

A growth chart very much who not get you funded anywhere. Numbers that would have people writing cheques in Silicon Valley or even Boston would be lucky to get a loan, personally guaranteed from the founder, for a quarter of that amount in most of Europe. People raise in the Bakery w because it’s the best place to raise. This indie hacker, growth fund, Earnest Capital, lifestyle business to selling to PE funnel thing is distributing that and building a smoother thing between VC and small business but you cannot raise anywhere else like the Valley, except perhaps China. Even the Israelis go to the US to raise.

I endorse the above comment in my personal capacity.

Valuations in Japan are below a fifth of similarly situated YC companies, where funding is available, and there are founder/business profiles trivially fundable in the Valley which would never raise a yen here.

Perhaps, but the terms elsewhere are atrocious compared to silicon valley.

Source: I have watched angel rounds and series A in both Silicon Valley as well as in the East Coast and India. I'm in my fourth decade now and on my 8th startup. Silicon Valley has some angels that are pretty generous about modest traction if they like the team. I haven't found such people in NYC and in India (though they may exist).

For that growth chart to materialize you have to be lucky. And nothing brings luck down on someone like rich parents.