Over 2,500 US seed funds have inflated Bay Area business costs
Andy McLoughlin · 20VC: Andy McLoughlin on The Benefits of Backing Unsexy Businesses with Non-Obvious Founders, How To Distinguish Between A Good Bridge Round and A Bridge To Nowhere & Whether VCs Really Do Add Value? · May 8, 2018 · at 23:33
Andy McLoughlin, Partner at Uncork Capital, discusses market saturation in seed-stage venture capital and its impact on the San Francisco Bay Area.
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“There, you know, there are now two and a half thousand plus seed funds operating in the U.S. With a large focus on being on the Bay Area. What that means is, you know, there are probably too many dollars chasing too few deals Which has driven the cost of both living and the cost of running a business up crazy high.”
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