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I would honestly expect it to be more than 10x easier. In Canada, the idea of raising a 2-3 million round is completely foreign, and in my city (Edmonton) the i
by fnbr 8y ago
I would honestly expect it to be more than 10x easier. In Canada, the idea of raising a 2-3 million round is completely foreign, and in my city (Edmonton) the idea is absurd. I strongly suspect you could raise 10x more much easier in the Bay compared to Edmonton, making it worth it to have an office down there, even though the cost of SWEs is ~4x cheaper here.
- sanderjd 8y agoHonest question from a place of ignorance: why do you need an office there, rather than just extended stays in hotels and some rented conference space?
- fnbr 8y agoA lot of investors won't invest in companies that don't have large offices in the Bay. Investors also generally advise against having remote offices when you have less than 100 people. As a result, there's not really any reason that startups need offices there other than that it can be difficult to get investment if you're based elsewhere. EDIT: I shouldn't say "the Bay", but rather, "the Bay/LA/NYC/Seattle". I more mean "top tier startups cities" rather than strictly just the Bay, per se.