From the article:
"It's not likely to fix itself," said EIG co-founder Steve Glickman. "Entrepreneurs are everywhere, but capital flows are really isolated and captured in a handful of places."<p>From YC's FAQ section:<p><i></i>Location<i></i>
Can we do it without moving to where you are?<p>-Sorry, no. We tried this once, and by Demo Day that startup was way behind the rest. What we do, we have to do in person. We would not be doing a startup a favor by not making them move.<p>I've said this before, but the conservatism of YC regarding location is astounding when considering the diversity that YC accepts in virtually all other facets of its operation.<p>They'll invest in a file sharing app and a nuclear reactor company in the same batch, but apparently investing outside the Bay Area is just too hard.