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Why would a Seattle company try to raise in NYC vs. Silicon Valley?


If you read the piece, you can see that we were actually approached by investors in a bunch of geographies - SF, the Valley, Boston, NYC, even San Diego. We ended up signing something with a firm in NY, but were not geographically biased in accepting inbound interest.


I read the piece and was aware you were receiving inbound interest, but there seemed to be a lot of time invested with the NY VC.

Outside of a few excellent firms (mainly seed), all the bad behavior I've ever heard about from VCs has been from NYC and Boston ("east coast") VCs. This was mainly in the 2001-2005 period, but they were at the forefront of really anti-company terms like huge multiple participating pref, walking out on signed term sheets, etc. (USV and Founder Collective are amazing, even more so because they're starkly in contrast with this).


It's only an extra 3 hours by air.




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