“As I read this NYTimes article and processed Fred’s presentation I wondered whether there is any fallout to from the super prominent role they play as THE early stage investor in NYC. I know at my prior fund, if a company from our region took a trip down Sand Hill Road, they were universally asked why our local fund passed (whether we had or not). It was presumed because we were local, we clearly knew something others didn’t and that if we passed they should too. So to NYC entrepreneurs, does getting a “no” from USV have a negative impact on your overall ability to raise money in or outside of NYC? Is there a USV effect?
Sawicki actually raised this with me last week, from a side angle, he wondered if, for other investors when they look at NYC companies, what is the impact of USV not investing?
