One of the good things that may come out of the pandemic lockdown is an increase in venture investment in startups outside Silicon Valley. That’s one takeaway from our story today about how some VCs have bowed to the inevitable and made investments in founders after having met them only on Zoom.
With face-to-face meetings on hold, founders don’t need to be in the same geographic area as their backers. That’s good news for startups across America. In theory, that should also mean more money flows to a more diverse group of founders, which tech badly needs.—Martin Peers