Decentralization in Web3 may limit venture capital access for innovators globally, stifling the potential for groundbreaking industry advancements outside traditional hubs like the Bay Area.
The concentration of venture capital in the Bay Area created a crucial innovation hub, but the dispersion of talent globally can prevent access to vital resources needed for building and scaling companies.
International founders face significant barriers such as difficult visa processes and high living costs in tech hubs like the Bay Area, which deter potential innovators.
Although there are barriers for international founders, success stories prove that building a network and achieving substantial growth is still possible, albeit challenging.
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