That's covered in the fourth from last paragraph.

Basically, we'll bend any rule if you're a genius, but anyone, even a genius, is more likely to succeed if they have a cofounder.

You'll bend any rule? Does that apply to the "must move to the Bay area" rule? (Yes, I am a genius.)

If it weren't for that rule, I'd seriously consider applying -- but if I wanted to move to Silicon Valley, I'd work for Google.

We once funded a company that didn't move. It didn't work very well. A startup would have to be really good to convince us. And if we did agree it would hurt them, relative to what they might have done if they'd moved.