Which is more of an issue with those VCs than the founders; there are a number of self-driving car startups here and they have a unique advantage: they aren't biased by the immaculate freeways and roads in California -- Pittsburgh has a much wider variety of challenging driving situations, weather, and conditions than California so it is a great test bed for developing autonomous vehicles (indeed, CMU won 1st place in the DARPA Grand Urban challenge, readily beating the likes of Stanford and Berkeley).
Some California VCs are mistakenly under the impression that anywhere outside the Bay Area must be Siberia. It's going to eventually bite them in terms of missed future opportunities and ROI on their funds.
Some California VCs are mistakenly under the impression that anywhere outside the Bay Area must be Siberia. It's going to eventually bite them in terms of missed future opportunities and ROI on their funds.