[diego]

Those are his criteria, not yours. He lives in the Bay Area and wants to be close to all the companies he invests in. As an entrepreneur, you'd have to start a company here if you'd like Manu to invest in you. If you want to start it someplace else, then he may not be the right investor for you. It's that simple.

What I like about Manu's criteria is that they are very clearly laid out. Not all investors make it so easy to know what they expect out of companies, so they end up wasting a founder's time.

Disclosure: I've known Manu since the late 90s, and he invested in my company (IndexTank).

[therealarmen]

I definitely appreciate how clearly everything is laid out. Some VCs have ridiculously wishy-washy copy on their website. If I had a nickel every time I read about "investing in big ideas" I'd have a $1M seed round in no time.

[sid_viswanathan]

Well said Diego. I think it's a testament to Manu's desire to be hands-on and actively involved in every company he backs. He wants to add value to everything he is involved with, and the best way he can do this is by being close to the companies he invests in.