And I guess that's what I like about it. Just sitting there rocking back and forth wanting that money. The giant sucking sound you hear is all of the talent in America rushing to the Internet. Old Economy corporations are having to raise pay and benefits to compete. Many of the New Economy companies are also changing their compensation packages, offering greater pay and fewer options to executives who fear a collapse in tech stock prices.
Venture funding is a local business, since VCs have to monitor and coach their start-up bets.
Bay Area VCs have plenty of opportunity in the Bay Area, and only a few have established branches elsewhere. If you need venture capital, you might try some of the online sites where business angels and VCs gather. On average, companies spend 2.5 years in an incubator. Undergraduates at several US colleges have formed incubators for Internet firms. Established venture capital firms tend to be skeptical.