Perspective from a Los Angeles entrepreneur as posted on TechCrunch:
Last year I was on Sand Hill Road in Silicon Valley meeting with one of the most prominent venture capital firms in the country.
We were talking about a company, Factual (disclosure my firm is an investor), which was founded by one of LA’s most talented Internet entrepreneurs, Gil Elbaz, who as co-founder of Applied Semantics (purchased by pre-IPO Google for $102 million and now Google AdSense) is responsible for a large portion of the Internet’s monetization.
The VC partner, somebody I greatly respect said, “Yeah, we like Gil and what they’re doing. I’m just not sure you can build a great technology firm outside of Bay Area.”
via Can You Really Build a Great Tech Firm Outside Silicon Valley? | Both Sides of the Table.
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