Story excerpt provided by IEEE Spectrum.
Written by Tekela S. Perry.
In 2013, venture capitalist Chris Olsen, a former partner at Sequoia Capital, left Silicon Valley to move to Ohio, where he’d just started Drive Capital. Even his movers thought he was nuts for leaving California for Ohio.
“They were like, ‘Oh, sorry, man,’” he says. Just a year or two earlier, Olsen would have agreed with them.
When I was at Sequoia, he says, “We passed on a company that was in Petaluma because that was too far from Silicon Valley.” (Petaluma is about 40 miles north of San Francisco.)
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Originally published December 29, 2017.