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what if the partners are geographically diverse?

A former colleague and I are looking to get into the accelerator. however, I am in Scotland and she is in Cairo. Is our geographic separation prohibitive to our success in the program? Or heck, looking beyond the program is it prohibitive to our success as VCs?
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It's not prohibited for the partners to be in a different geography. However, in order to build an enduring VC firm, there must be a major tangible value-add provided by the different locations. 

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