As any entrepreneur who’s spent some time trying to understand the venture capital universe will tell you, VCs typically invest locally, reports Fast Company.
The logic goes like this: Having startups to invest in nearby makes it easier for both parties to interact, get guidance, brainstorm, etc.
So if an entrepreneur believes that getting venture capital is incumbent to his startup’s success and location is important to venture firms, it’s probably worth spending some time thinking about where your startup will call home.
A look at the Q3 2009 venture capital funding statistics compiled by ChubbyBrain offers a data-driven view of venture investment by geography, which may help entrepreneurs with another data point as they consider the age-old question of location, location, location.
Photo by ChubbyBrain.