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> I think you have unrealistic beliefs about how things work. Do I? What percentage of VC money goes to people living in areas where $50k would be a good year

• SomeStupidPoint 10y ago
  A small but not trivial amount of VC capital, but that's not what people are responding to. For somewhere like Seattle or Las Vegas, 50k/year is a reasonable seed round salary. However, most people are just commenting that you're wrong about 50k/year not being livable for most of the country. Almost everywhere, including places like Seattle, 50k/year is what half the households make, so works for an individual salary. It's the vast minority where 50k/year isnt livable for a single person. Of course, that's also partly what people are calling out elsewhere in the thread: high VC spending close to them is about social connections rather than what makes economic sense. I expect that if you had the capital, you could eat most VC's lunch by just spending everywhere but those hyper expensive areas.
• tylerlh 10y ago
  Founders need to live in the Bay Area during the 3-month period in which they're participating in the YC batch, but I believe companies are free to move to wherever they'd like once that period is over. I can think of a couple that were based in Chattanooga (median income ~36k) and moved back there after YC.