3 ms·

Right, but who says all that has to be in the Bay Area?

• DoreenMichele 9y ago
  YC and other programs require you to move there to participate. If you move away after your program is over, the value of the contacts you made goes way down, to the point of approaching zero. This will cause a lot of people to stay. They know that leaving could kill their baby.
  • s73ver_ 9y ago
    That's my point; YC is just as much at fault here. They could easily hold YC anywhere else in the country. They just choose not to.
    • DoreenMichele 9y ago
      They started elsewhere, then moved to Silicon Valley because that is where the action is. They likely would not be where they are today had they not done that. Now that they are here, they have the same issue: moving would likely come at a very high cost and might well turn the company into a has been. Major changes to a company are always a risk. Even the founders may not fully understand all the pieces that make it a success, so trying to change the formula can kill the company. Presumably, the people running YC have no reason to move it elsewhere and lots of reasons to stay. Yes, their existence contributes to the housing issues there, but that isn't really a good reason to move the company. If they are concerned about it, there are other ways they can try to address it without risking killing their own company in the process.