[kasey_junk]

I've actually been thinking about it from the other perspective. Why exactly do companies want Bay Area VCs? I get it when you have exceedingly expensive up front costs like R & D, but in the current age of ultra cheap internet infrastructure and what appears to be zero stigma about asking your employees to work at lower than market rate, VC money seems like an overvalued property, especially when how paltry that money is compared to other industries.

So the obvious answer is that VCs are not there to provide money. They are there to provide a process/leadership to acquisition. So if you are a founder who is more interested in building something than an equity event, maybe there is a better way to do it than the VC funding route.