Do most US investors care whether or not the companies they find are in the valley, or even on the same continent?
(note: no value judgment here, I really don't know and I wonder)
(note: no value judgment here, I really don't know and I wonder)
The Valley VCs and investors were dismissive and incredulous that a Canadian company could achieve the success we had, and that we could find people "good enough" to make systems able to handle the kind of traffic we were running. They genuinely couldn't believe we'd done it outside of California.
New York, however, was much more interested and receptive, and ended up being the best source for our future funding.
This whole business is less about numbers and reality and more about feelings and who you know than anyone wants to admit.
"I'm sorry, but the talent shortage is a real thing... we have a really difficult time filling our open positions."
Glad to hear you've solved the problem so fast!
Most of the major VCs do invest internationally in larger rounds. For example in the last year Greylock invested in Wrapp (SWE), Sequoia invested in 6Wunderkinder (DEU) and Skyscanner (GBR), BVP in NewVoiceMedia (GBR), USV in Hailo (GBR) and FundingCircle (GBR), IA & Valar in TransferWise (EST/GBR), etc.