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>Wait till your kids are teens and they have nothing to do but drugs and video games because there is nothing else within 200 miles. Teens do drugs and play vi
by deadmetheny 9y ago
>Wait till your kids are teens and they have nothing to do but drugs and video games because there is nothing else within 200 miles.
Teens do drugs and play video games even in your shining coastal beacons of civilization.
>It's also largely an entrepreneurial wasteland ... Meanwhile the "alpha cities" are experiencing uncontrollable real estate hyperinflation since everyone who wants to do anything must move there
If you're trying to become a millionaire making trash like Uber for banana hammocks, sure. Small businesses do just fine outside of dying small rural towns. Midwestern cities have plenty of work in my experience, it's just not the sexy "let's trick ourselves into thinking we're changing the world with our app" kind of work.
I mean, you're not wrong that there's a malaise going around the country in a seriously troubling way. We live in an era where remote work is very doable for many of us and there's no good reason we have to all live in coastal cities. My reflex is to blame the VCs for this, but there's plenty of other businesses that also don't do it for whatever reason. IMO this mindset needs to change, and quickly.
- api 9y agoKids do those things everywhere but there's a difference in intensity. I agree about VCs. In my experience the coastal cities do not have a monopoly on talent but they do have a strong monopoly on investment capital for new businesses. I think it's a branding thing too. If you were an angel and saw a company on AngelList would you be more likely to fund them if they were from: (a) Mountain View, California (b) Los Angeles, California (c) New York, New York (d) Cincinnati, Ohio (e) Louisville, Kentucky I bet you picked (a).
- deadmetheny 9y agoI'd be more inclined to pick (d) or (e), due to living in the Midwest and wishing to do my part to help fund new ventures in this part of the country. Which really just loops back to proving that the VC investment opportunities are limited to the coasts where those VCs are located - it makes good sense for them to want to invest in their local-ish economies, after all.