We're starting a company in San Diego and can attest to this. Of our seed round, only ~10% came from San Diego investors. The rest are from the Bay Area / North

We're starting a company in San Diego and can attest to this. Of our seed round, only ~10% came from San Diego investors. The rest are from the Bay Area / Northeast. This is the single biggest problem that needs to be solved if SD wants to have a viable startup ecosystem going forward.