I agree with you, and about Waterloo specifically. I'm probably going to be banned from HN for saying this, but the giant Google talent vacuum cleaner is one p

I agree with you, and about Waterloo specifically. I'm probably going to be banned from HN for saying this, but the giant Google talent vacuum cleaner is one potential reason that starting a startup right now is especially difficult and maybe not the right choice. When I've started startups before, it's been in economic down times (eg. right after the .com boom). I actually preferred it that way.