Geography of the internet industry Pt II

The fact that venture capitalists don't really take chances on early technologies is interesting, one would think they would be willing to take risks, but apparently not. I was also unaware that venture capitalists had such a valid network of people to share information, they seem like an industry that would be a little more cutthroat. The line between venturing out on their own and following the network seems like a very fine line, in which VC's have a tough time walking. It also seems like a more relationship-based occupation than one would think. It does make sense that location is important when it comes to venture capitalism, as it is much easier to see how companies and ventures are doing when you're in close proximity.