> She was running into the same issue that Case had observed in other cities. It had been easy enough to scrounge up seed money and desk space in Indianapolis, but the venture capital she’d need to bring her company to scale was much harder to find locally.
> Case acknowledged that the investment culture of Silicon Valley is unique. It “encourages fearlessness,” he said, “and that’s something to be admired.” It can also be difficult to replicate elsewhere.
This is one of the many things that keeps SV dominant. Unless this changes in the MidWest, things will stay the same. It will still be more beneficial for your company to move to California than stay if you need money. Investors in other parts of the country (and the world) are just less risk tolerant than California.
> Case acknowledged that the investment culture of Silicon Valley is unique. It “encourages fearlessness,” he said, “and that’s something to be admired.” It can also be difficult to replicate elsewhere.
This is one of the many things that keeps SV dominant. Unless this changes in the MidWest, things will stay the same. It will still be more beneficial for your company to move to California than stay if you need money. Investors in other parts of the country (and the world) are just less risk tolerant than California.