The idea is certainly worth trying, but I fear where this falls down is the most important kind of funding, which is publicity.
Tech media, bloggers and so on, they're all in the Valley, and they are very narrowly focused on local startups. They will hype the startups next door relentlessly and mostly ignore everyone else. Sometimes they will even ridicule or actively bully outsiders as astute techcrunch readers will have noticed.
Startup culture takes more than startups I'm afraid, but startups are certainly a start, so why not try?
Tech media, bloggers and so on, they're all in the Valley, and they are very narrowly focused on local startups. They will hype the startups next door relentlessly and mostly ignore everyone else. Sometimes they will even ridicule or actively bully outsiders as astute techcrunch readers will have noticed.
Startup culture takes more than startups I'm afraid, but startups are certainly a start, so why not try?