History of Boston VC's and the web (Cartoon) (itulip.com)

Boston based VC's turning down all those deals comes as news to me. The laser sharp focus on monetization vs. utility is quite possibly the difference between a HBS type and a stanford type.

A bit too harsh but they got the gist of right :). Boston VCs are just way too risk averse. They prefer later, less risky, more conservative, stages.

Exactly why almost every YC startup from the Boston batch that doesn't die immediately after ends up in the valley.