Venture capital stays local - Trust

Link An interesting request by VC firms is for the startup to be located within 20 minutes of the VC. This definitely gives Silicon Valley startups an immense advantage when looking for capital. The article also mentions other perks of starting a company in the valley. Interesting is the hidden reason behind the 20 minute rule: trust plays a huge role when investing large sums of money, and trust cannot be built without face to face interaction.