> Now we are witnessing mini-Valleys springing up in other cities desperate to replicate what San Francisco did for startups. Without the culture to support it

> Now we are witnessing mini-Valleys springing up in other cities desperate to replicate what San Francisco did for startups. Without the culture to support it. A bunch of broke ideas people sitting in a wework or coffee shop with no angel investor in sight, no diversity in VC portfolios. There is a reason that interest rates are negative, because nobody wants to “stimulate the economy“ by giving broke entrepreneurs their money