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November 28, 2006 | Comments: (0)
Where the VC dollars go (geographically)
From Paul Kedrosky:
Does this mean you should move to the Bay Area? Maybe. Plenty of open source companies have successfully grown outside the Valley (actually, the most successful ones - Red Hat, JBoss, MySQL), but it's certainly the case that there's more venture money in the Bay Area than anywhere else.
Of course, the primary VC complaint is having to get on a plane for board meetings, so maybe it's enough to do what Zend, MySQL, etc. have done: move management to the Bay Area. They may well be the only ones who can afford it. :-)
Posted by Matt Asay on November 28, 2006 08:18 AM
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