For centers of innovation and insight into the future, startups collectively shoot themselves in the foot by centering on some of the most expensive real estate

For centers of innovation and insight into the future, startups collectively shoot themselves in the foot by centering on some of the most expensive real estate in the world. It'd be far more logical for VCs to pick a far more livable, affordable area so that their investments could go further, last longer and have a higher chance of success. VC firms are really just high risk money lenders that have a seat on the boards of the companies they lend to. One could take a dystopian view that VC firms like the super high burn rate that having a startup in the Bay Area entails because the high costs makes companies more dependant on round after round of capital thus giving higher and higher percentages to the VC firms of the companies that do eventually make it. That's a little dark, even for me. More likely, we've made this hellscape of $4k 1bdrm apartments because VC firms are comfortable in their big, well appreciating homes in choice parts of the Silicon Valley and the greater Bay Area and they don't want to drive very far to meet with the companies in their portfolio. This and other factors (NIMBYism) creates the situation to this day. If VCs were brave and smart, they would try and find a longer term solution to the problem. Find a city nearby that has significantly lower cost of living. I'm actually looking forward to the VC bubble bursting again so that companies would be forced to get scrappy again and start solving this problem themselves. If I were founding or running a startup today, I would in a location that 1hr or two away from the major startup centers in a place where my workers wouldn't have to spend 50%+ of their salaries making NIMBY owners richer.