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1) The standard deal gives much more money to startups and so based on what I've see on Crunchbase many startups are simply not raising seed rounds post-YC. So

1) The standard deal gives much more money to startups and so based on what I've see on Crunchbase many startups are simply not raising seed rounds post-YC. So that negates the need to move to a VC hotspot like SF at least in the beginning. 2) COVID has demonstrated that you can make remote work and that a sizeable percentage of employees (especially in IT sector) will only accept a remote role. Many startups simply won't have offices or headquarters at all. 3) As was pointed out by Jason Calcanis last week a lot of the people who publicly told the world they were leaving SF for Texas, Florida etc have been quietly moving back. Despite all of SF's many problems there isn't anywhere else that can replicate the critical mass of talent and network that it provides.

tmpz22 4y ago
To spell it out further: The SFBA is a great place to live if you have money. And as long as business continues to revolve around people who have money, the Bay Area will remain a perfectly valid place to do business. --- I don't think its even about the "tech talent" for most start-up projects, as you can certainly source this remotely to an adequate level to meet the early needs of a startup. As long as the whales are here, it will make sense to have a fishing boat.
phlipski 4y ago
Reminds me of a quote I saw earlier this year in Bloomberg about wall street companies moving to Florida: “The main problem with moving to Florida is that you have to live in Florida.” https://www.bloomberg.com/news/articles/2021-03-10/wall-street-a-listers-fled-to-florida-many-are-eyeing-a-return https://www.bloomberg.com/news/articles/2021-03-10/wall-stre...
deleted 4y ago
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