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Others covered a lot of aspects already,so I'll just add this: We are seeing the same story again and again.A few Europeans go to the US,pitch, and get funded. I can't imagine raising $3M+ on this side of the pond after only a few months of starting and without having some very good connections.

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Raising VC funds outside of greater Bay Area is not only harder, but generally per equity traded, you get less in return. Generally, these cluster investors cluster around an asset-type, industry, jurisdiction, and proximity.

Bay Area startups raised roughly $46 billion in 2019, compared to Europe in sum raising $36 billion; if you’re raising more than $10 million, not attempting to raise funds in the Bay Area is likely poor choice.

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