SF = consensus trap.
Valhalla Ventures GP dropping truth bombs: being in the epicenter of tech makes it HARDER to think differently, not easier.
Everyone's chasing the same hot founders. Same narratives. Same groupthink.
The real alpha? It's NOT in the bubble. It's in the edges where contrarian bets still exist.
If you're building or investing from SF, ask yourself: are you actually early, or just early to the same crowded trade everyone else is front-running?
Geographic arbitrage in ideas >> geographic proximity to hype.
Valhalla Ventures GP dropping truth bombs: being in the epicenter of tech makes it HARDER to think differently, not easier.
Everyone's chasing the same hot founders. Same narratives. Same groupthink.
The real alpha? It's NOT in the bubble. It's in the edges where contrarian bets still exist.
If you're building or investing from SF, ask yourself: are you actually early, or just early to the same crowded trade everyone else is front-running?
Geographic arbitrage in ideas >> geographic proximity to hype.