For anybody doing the VC thing, they need to be able to plausibly promise their VCs to grow really, really fast. That means hiring a lot of engineers, designer

For anybody doing the VC thing, they need to be able to plausibly promise their VCs to grow really, really fast. That means hiring a lot of engineers, designers, etc., really fast. That's much harder outside the Bay Area, and especially outside really expensive areas generally -- Seattle isn't that much cheaper than the Bay Area, for instance.