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Several of those points, notably, “Mature, developed capital ecosystem”, is why Vancouver hasn’t developed into Canada’s SV.
by digianarchist 6y ago
Several of those points, notably, “Mature, developed capital ecosystem”, is why Vancouver hasn’t developed into Canada’s SV.
- ethbr0 6y agoVancouver also has a pretty high cost of living from Chinese capital flight into real estate, no? Haven't been up there in a while. IMHO, people think about the nature of capital ecosystems incompletely. Why haven't other places duplicated SF / LA's ecosystems? Not because they couldn't, but because they couldn't be better enough to justify the move. However, "better" and "enough" are relative terms. If SF & LA are executing well, that's an insurmountable barrier due to network effects. But if SF & LA decrease their competitiveness, the relative difference also decreases. And at some threshold, it does become possible for other cities to capture that business, network effects be damned.