Arguably, the reason why the valley was the best place for startups is due to the density of the VC economy there and the wisdom of founders who have exited sta

Arguably, the reason why the valley was the best place for startups is due to the density of the VC economy there and the wisdom of founders who have exited startups there. Once other factors have provided enough competing negative value the only thing that is left is empty consensus (trend chasers, vanity, popularity admirers), which is healthy for marketing but is horrid for innovation. With those things in mind if you have no problem achieving early investment and a healthy base of users/clients there is no reason to be in the valley (or any high cost market).