What's wrong with East Coast VCs? Do they lack money, vision, or both? It's not the first time I hear people with great ideas complaining about their inability to get funded, only to receive decent investments the moment they move to Silicon Valley.
My thoughts (based on my very limited experience) are that East Coast VCs seem to be more risk-averse.
Which makes sense. It's easier to be more risky when you know investors down the street who have made 1000x with the who's who of the Internet.
Do you object because it puts East Coast VC in a negative light?