Not going to work for most founders. The point is that VC money chases where founders and their talent are, which is why the SF Bay Area has had such as stronghold for such a long time. As the US makes it more difficult for founders and talent to come to the US, VCs will focus on areas where those founders actually are. And if your option is - stay in your home country and take local money, or try to move to the US, maybe having to figure out all sorts of loopholes to speedup the process and still spend years doing so...which do you pick?

Combine this with major new technologies on the horizon (especially around autonomy, AI - potentially, and others) which give opportunities for new players, and an incredible amount of recently created wealth looking for new growth opportunities in China and India and you have the recipe for a massive shift in balance.