3 ms·
The reasons are: 1) The California employee rights, which allow an employee to resign and start a new company in the same area. Boston doesn't have an IT indus
by redis_mlc 6y ago
The reasons are:
1) The California employee rights, which allow an employee to resign and start a new company in the same area. Boston doesn't have an IT industry because of their onerous non-competes, even though DEC and Wang were located there.
2) European nations often have onerous pension requirements that must be met even before hiring a new employee.
3) Silicon Valley has willing investors.
4) Governments across the world prefer dealing with large entities because of the overhead in dealing with multiple companies, so without the right startup culture, new companies just won't happen.