Comment by markh

The kind of entrepreneurs most likely to succeed (and therefore gain the attention of VCs) figure out how to relocate to startup hubs where they can get the attention of the VC community and network their way into the ecosystem. It’s way easier to move from Florida to San Francisco that it is from Paris, Sydney or Cape Town, and the extra hoops foreign entrepreneurs have to jump through makes them stand out all the more (relatively speaking). Very few American entrepreneurs in Silicon Valley grew up there either. It becomes a self-selecting sample.