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It's difficult to justify giving a few million to a startup if their business plan doesn't include offshore labor. That doesn't employ very many American's in those scenarios. The boom of the 90's was a direct result of VC investment and hiring domestically. Unfortunately most of those businesses were based on "irrational exuberance" and did not have a real "entrepreneurial spirit" just a desire to fleece any poor sucker that would give them money.

If you want to compete with the global corporations of the world nowadays you have to buikd your business a brick at a time. If they notice you they might crush you or if your lucky buy you out. Don't expect a VC to loan any money to a startup that wants to compete in a space currently owned by a trans-national corporation, unless you've solved world-peace and hunger.