There's a number of local companies doing their own regional form of SV companies though that's an increasing trend that could reverse the gold rush to big citi

There's a number of local companies doing their own regional form of SV companies though that's an increasing trend that could reverse the gold rush to big cities. For example, a local company here is more popular than GrubHub (http://valetgourmet.com http://valetgourmet.com). A lot of smaller municipalities (Asheville is a good example) have a cultural distaste for using services and products from outside the area due to the lack of a strong local economy and becoming potentially corporate colonies, so a lot of these companies are intentionally low market cap because they have more humble concerns than getting big, raising a bunch of funding, and retiring at 30. It's part of why I like it here, but the lack of ambition has a double edged sword resulting in a cap on quality that is typical for most places. What's becoming something a little alarming is that even those of us that want to stay away from big cities are being lured back with pretty insane comp packages / opportunities back in big cities, so brain drain is still an issue while (investment) capital is centered around big cities.