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I think it's concentration of capital more than anything else. You can do engineering or write code anywhere, but raising money is much easier in SF/SV than any
by api 11y ago
I think it's concentration of capital more than anything else. You can do engineering or write code anywhere, but raising money is much easier in SF/SV than anywhere else.
- mwcampbell 11y agoAnd why is raising money so important? Can't a lot of software businesses be bootstrapped?
- api 11y agoBootstrapped companies are at a huge disadvantage vs. funded companies. Funded companies can afford deeper longer-sighted investments and kamikaze growth-at-all-costs free/freemium strategies that bootstrappers cannot. The only huge growth companies to emerge as startups that I can think of that started with a paid product were companies with an unavoidable physical dimension like Uber and AirBnB.