David Senra (@davidsenra) “Groq Founder @JonathanRoss321 explains why all the West Coast VCs missed on inve” — TopicDigg

Groq Founder @JonathanRoss321 explains why all the West Coast VCs missed on investing in Groq: “Typical West Coast VCs are more like lemmings. Ttypical East Coast VCs all think that they're smarter than each other.” “So when you try and raise from the West Coast, if one VC puts money in, all the others want to put money in.” “In New York, one VC investing means nothing. They're going to run their own analysis. They do not care what other VCs are doing.” “The flip of that is, if you're on the West Coast and one VC passes, they're going to go tell every other VC, and like lemmings, they're all going to pass as well.” “All the VCs on the West Coast didn't want to invest in us. We had very few of the typical VCs invest in us at the end. We had a bunch of crossover funds from the East Coast investing.”