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It's a good theory but I think the investors are pretty straight-up about wanting their companies on a short leash. The key will be those other cities/hubs hav
by brc 10y ago
It's a good theory but I think the investors are pretty straight-up about wanting their companies on a short leash.
The key will be those other cities/hubs having their own successes, bringing in the capital and expertise to nurture new talent. It's likely that the number of successful hubs that can be supported is pretty low. I happen to believe that the amount of (awful word) synergy needed to flip a few percent of startups from fail/borderline to success is pretty high. In other words, all those know-a-guy-who-can-help connections have to have a high concentration before it starts to pay off.
But then mine is just a theory as well and has a high chance of being wrong.
- pm90 10y agoIts true but its not limited to SF/Bay Area. I had the impression the other day that city-specific industries are much like Universities; so you see that MIT, Berkeley etc. that had CS dept's early on now have the best programs in CS. So it is with cities: the tech industry was born in Silicon Valley so of course there are a lot of Software/EE engineers out there.