Superstar cities don't have and never have had a monopoly on talent. What they do have is a monopoly on capital. Try raising money in a non-superstar city. Thi

Superstar cities don't have and never have had a monopoly on talent. What they do have is a monopoly on capital. Try raising money in a non-superstar city. This monopoly may fade as younger angels, VCs, and other forms of investors who are comfortable with telework and therefore with tele-investing take over. I've already seen a bit of that, but it's still far easier to raise money in e.g. San Francisco / SV. Of course if you do raise money in the Bay you're just going to spend it all on real estate. VCs there should skip the middleman and cut checks directly to property owners.