Ten years ago, most VCs refused to invest outside of Silicon Valley. Now, most of them have funds in Israel, Europe, India or China– and lately many of those Chinese funds are outperforming the US counterparts. But August Capital is still sticking with the kind of local venture capital that built this industry, and David Hornik explains why in this week’s episode of Ask a VC.
But, Portland? Yeah he’d invest in a Portland company and answers a reader question about what the local ecosystem needs to do to get his and other venture capitalists’ attention.
Hornik also (sort of) answers one of the best reader questions I’ve gotten in a while: What’s the dumbest investment he’s seen recently in Silicon Valley? (Hint.)