It wasn’t long ago that VC firm’s sole concentration was on US based emerging growth companies. In many cases, if your company was about to get a substantial funding, they insisted on moving the company into their back yard, namely Silicon Valley. Less travel for them and they can keep a close eye on their investment.

VC’s have poured billions of dollars into thousands of start up tech firms over the last thirty five years. But since the dot com bust in 2000 VC returns in the US have diminished. Today there is too much capital to deploy and not enough promising startups to fund. “Google type” returns are few and far between.

Part of the problem is that VC’s are unwilling to take the same risks they took back in the Internet boom years, the 90’s.

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