4 ms·
Speaking from a team bootstrapping our company out of Houston, we wouldn't have stood a chance anywhere else, especially anywhere near the Valley. We were runni
by chao- 14y ago
Speaking from a team bootstrapping our company out of Houston, we wouldn't have stood a chance anywhere else, especially anywhere near the Valley. We were running off savings for the longest time, and so a month's worth of expenditures in most places lasted 2-3 months here, easily (the company and team's cost of living all combined, primarily rent). It gave us the time to figure out which way was up with our business. And the times one or two of us had to get some income on the side, employment was readily accessible.
Buying a house might even be in the near future for one of our founders, and that's only possible at the prices around here.
Slightly unrelated: I'm surprised to see the average weekly wage out in Detroit so high ($1,015), given all the tales of woe you hear about it.
- throwaway543 14y agoI'm wondering if anyone else bootstrapping a (solo) company moved to a cheaper location in the U.S. to extend your runway? If so, how did it work out for you? Which places do you recommend?
- hessenwolf 14y ago(maybe there are only a few people employed?)
- autodidakto 14y agoWhat's strange about the current recession is that unemployment is high (especially for low skilled workers) but productivity (for the employed) is hasn't gone down[1]. This might explain the Detroit number. [1] http://www.econtalk.org/archives/2012/08/ohanian_on_the.html http://www.econtalk.org/archives/2012/08/ohanian_on_the.html