1 - Get out of NYC fast!! How is he supposed to get funding, if he does that? http://paulgraham.com/startupmistakes.html http://paulgraham.com/startupmistakes

1 - Get out of NYC fast!! How is he supposed to get funding, if he does that? http://paulgraham.com/startupmistakes.html http://paulgraham.com/startupmistakes.html 2. Bad Location Startups prosper in some places and not others. [...] It's an interesting question why cities become startup hubs, but the reason startups prosper in them is probably the same as it is for any industry: that's where the experts are. Standards are higher; people are more sympathetic to what you're doing; the kind of people you want to hire want to live there; supporting industries are there; the people you run into in chance meetings are in the same business. - http://paulgraham.com/startuphubs.html http://paulgraham.com/startuphubs.html In addition to the concentration that comes from specialization, startup hubs are also markets. And markets are usually centralized. Even now, when traders could be anywhere, they cluster in a few cities. It's hard to say exactly what it is about face to face contact that makes deals happen, but whatever it is, it hasn't yet been duplicated by technology.