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If I ever found another startup, I'll do it somewhere with significantly lower rents but proximity to a startup hub. For example, the Santa Rosa area fits the b
by benwerd 8y ago
If I ever found another startup, I'll do it somewhere with significantly lower rents but proximity to a startup hub. For example, the Santa Rosa area fits the bill in SF, and there are areas of New York that are significantly outside of Manhattan or Williamsburg. It's just not worth the runway hit, and those locations force you to try for a certain kind of funding that might not actually fit the startup (or its stage) well. Cities like SF have enormous value to a startup but not so much that you have to be in them day in, day out. There was a time that this was the optimal thing to do, but I think it's passed.
- ebikelaw 8y agoThe median home price in Santa Rosa is astronomical. Perhaps you meant Chico, or Corvallis, or something like that.
- benwerd 8y agoIt's pretty high, I'll grant you - but 1/3 that of San Francisco. And the rent is correspondingly lower. Chico etc are significantly lower than that, of course, but they're a longer drive away - Santa Rosa is just an hour on the 101 from SF.
- rrdharan 8y agoI'm not convinced it's really just an hour during commute hours.
- ebikelaw 8y agoIt's not, not even close. It's 2H typically, with very high variance.
- pmiller2 8y agoNot to mention it's completely inaccessible by public transportation, and more or less an undoable commute from most of the East Bay, South Bay, or Peninsula. Bay Area commuting in general is a shit show; it's bad enough that I'm basically locked out of any jobs in the South Bay or Peninsula, just because I choose to live in the East Bay to save on housing costs.
- anoncoward111 8y ago$650 a month is all you need to pay me for my spare bedroom 1 hour outside NYC with brand new appliances and central air and hardwood floors and high ceilings, etc. For friends, I even let it go for $500. Only catch is that a monthly commuter pass to NYC is $350, but you dont need a car. This room is perfect for anyone who wants to work remotely without leaving the comforts of the USA.