80% of Venture Capitalists Invest Within 100 Miles…
Saturday, March 29th, 2008
Part 2 from my first “CEOs Dinner…”
One of the active angel investors there shared MANY stats with us, one of the stats he shared was the following:
“80% of venture capitalists invest within 100 miles of where they are…”
This does not surprise me and it can a major impact on you. If you’re sitting in Wyoming, trying to build a “web savy” business and need to raise money…you’re likely going to find investors in the Silicon Valley area.
So, start thinking - are you willing to MOVE to get the money? Venture capitalists know a certain area, they also feel they can have better hands-on control - convincing them to invest far away is an un-likely task.
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