alt Hacker NewsThis has more to do with the humongous amounts of money sloshing around in VC funds and the disproportionate importance of the US in the global financial markets. They just followed the money. Those who are successful in securing funding then tend to come back eventually.
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pembrook • today at 4:46 AM
Again, the amount of money “sloshing around” in US based VC funds is again due to policy decisions made by the US.
By having a diverse set of private pension funds and endowments as LPs this is what funds the VC ecosystem.
France vacuums up its private capital into government pension schemes and dumps it into low yielding government bonds.
Curious to see, it sounds like a rather pretty irrational decision. I don’t see many YC companies suddenly running toward France after securing funding.