4 ms·
TLDR: cost of living But leaving for another west coast city is not going to improve things much, housing and cost of living in Los Angeles, Seattle, Portland,
by babyslothzoo 8y ago
TLDR: cost of living
But leaving for another west coast city is not going to improve things much, housing and cost of living in Los Angeles, Seattle, Portland, etc are also very high when compared to costs elsewhere in the USA.
The midwest and south should be aggressively courting entrepreneurs based on cost of living alone.
- analog31 8y agoWe are, but nobody has discovered the silver bullet, if there even is one. Every medium sized city dreams of being the Something Valley.
- souprock 8y agoEh, go for it? My place began with a few people out of the local university and an angel investor. There was organic growth and an actual profit. The exit was a company of about 40 people being sold ($36.4 million in 2019 dollars) to a large defense contractor. That's in Melbourne, Florida. There are several start-ups in the area created by former employees, generally beginning on personal funds. This also works in Longmont, Colorado. I have a relative who did a couple businesses starting from personal funds. One sold for millions of dollars, and the other is ongoing with decent success.
- analog31 8y agoIndeed, there are scattered start-ups everywhere. The university in my town is a major center for biology research, and has resulted in formation of a number of businesses, some of which have grown to respectable size. We have Epic. I have my own side-business, but not even scalable to a level of interest for a VC. But still nothing at a level to suggest the tide turning away from the big coastal cities.