"I have no idea why people still insist on building their startups in SV. As a startup founder, you want to be penny pincher and have maximum runway." People b

"I have no idea why people still insist on building their startups in SV. As a startup founder, you want to be penny pincher and have maximum runway." People build their startups in SV because they disagree with your latter sentence. If you want to penny pinch and build a long runway, yes, SV is horrible. SV is where you want to go if you want to spend exhorbitant amounts of money to hire top talent (i.e. outbid Google and Facebook) in expectation of making even more money.