it's only an excuse if you moved your company to silicon valley and it turns out they were lying and still didn't want to invest.
As it is you got a hard "no, because of your location."
I am shocked that you think location doesn't matter and that it was not the truth.
whoever advised you of that is wrong. of course it matters. why do you think more deals happen in silicon valley than elsewhere? because there are no good startups elsewhere?
shockingly misinformed/in denial. you should have believed the reason you were very clearly given. or falsified it by moving to silicon valley. or realized that actually, you are the one saying no.
I can't believe this was downvoted. If a VC has 27 portfolio companies in silicon valley and 0 based outside of it, for example, how is it an "excuse" if they tell you they want to invest in that geography?
As it is you got a hard "no, because of your location."
I am shocked that you think location doesn't matter and that it was not the truth.
whoever advised you of that is wrong. of course it matters. why do you think more deals happen in silicon valley than elsewhere? because there are no good startups elsewhere?
shockingly misinformed/in denial. you should have believed the reason you were very clearly given. or falsified it by moving to silicon valley. or realized that actually, you are the one saying no.