There's a reason HP started in a garage in Palo Alto, not in San Francisco. The city is markedly more expensive yet draws on largely the same talent pool as the

There's a reason HP started in a garage in Palo Alto, not in San Francisco. The city is markedly more expensive yet draws on largely the same talent pool as the valley—there's no shortage of people who commute either direction (including me). I don't think the city makes sense for a startup unless you're planning to interact heavily with Big Media, and there it's hard to argue against a branch in New York instead.