3 ms·
I would consider fundraising and local cost of living to be completely orthogonal. Fundraising is easier when there is a cluster of potential donors in a centr
by austincheney 8y ago
I would consider fundraising and local cost of living to be completely orthogonal. Fundraising is easier when there is a cluster of potential donors in a central geography. Other important factors are regulatory environment, taxes, potential employees, transportation, and so forth.
- dmode 8y agoI mentioned fundraising as a proxy for health of the startup sector in the Bay Area. The expectation was that with high cost of living and relentless FAANG hiring, startups will move en masse to other locations. But fundraising data suggests otherwise.