Redeye VC: 53,651

One of the few benefits to being a technology investor based outside of Silicon Valley is that I don’t spend all my time in the valley. While I'm out in California every few weeks, I get to spend most of my time in the "real world." Over the last several weeks, I’ve been on several phone pitches from west-coast companies that are looking to be the “flickr of XXXX” or “like del.icio.us but YYYY” o

[kerryl]

"I asked a bunch of local (Philly-area) acquaintances and the answer came back loud and clear: none – nada - zip. People here have barely heard of Myspace and Craigslist – let alone any of the “hot” Web 2.0 companies."