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Farshid Sepassi
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[VIDEO] One by one, local startups heading West for funding. What the hell is wrong with our VCs in the East?
asked by Farshid Sepassi over 2 years ago

Baltimore Sun reports another entrepreneurs heading West for Gold. I have lost the number of well known great entrepreneurs in the East who could not get the attention of the investors in the East. They ended up heading West and a few years later... Jackpot! Examples: Mark Zuckerberg of Facebook, Shervin Pishvar of SGN, and now Derek Gabbard:

To find investors: Go west, young startup — but come back
http://www.baltimoresun.com/business/technology/bs-bz-maryland-venture-capital-20120212,0,465692.story?page=1

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Elias Shams
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Answered Sun 12 Feb 2012, at 02:34PM

I have had a mixed feeling about this. As a serial entrepreneurs and knowing ton of entrepreneurs both in the East & the West coast, here is one of the fundamental differences between our VCs here in DC area and those in the West:

Their classic mistake is asking entrepreneurs the financial and business model question during the very first meeting. Most first-time, young entrepreneurs lack business and financial experience. They typically have an idea and have built only the prototype. If interested, like most VCs in Silicon Valley, they need to a) Do their own part to evaluate the market and (more)

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Tatiana Sorabi
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Answered Sun 12 Feb 2012, at 03:37PM

I used to live in Washington, DC area. From how I remember, DC is all about Government. So, not sure how startups can survive there. I don't blame this guy for his move.

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Asked by: Farshid Sepassi

Farshid Sepassi
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