It would be interesting to hear more about why the move to Silicon Valley was necessary. "My team in North Carolina didn't want to relocate. If I moved, I'd be starting from scratch, with no team" I wonder what was the problem with the existing team working remote?
This. The guy was sold a dream that only SV could make it. Totally not true. I’m sure the value of SV networking is great but what would that provide him? There’s plenty of opportunities he could have pursued in his home state. Raleigh-Durham has a very healthy investment culture. I’m always skeptical of people who built something elsewhere then decided Silicon Valley is the only place they can grow. Sounds like some…
Speaking from experience in SC, not NC, the terms just aren’t as good down here as could be had elsewhere. VC is somewhat a social game and moving to Silicon Valley does buy you a better market to play.