Have you ever hired any technology talent in London? I have. It's exactly as I describe it. The city can afford to suck a huge amount of talent into is orbit by

Have you ever hired any technology talent in London? I have. It's exactly as I describe it. The city can afford to suck a huge amount of talent into is orbit by outbidding any startups - or most other businesses. It's not a factor if whether you have a great hiring strategy or not. It's the fact that you're competing against hiring managers with a good as unlimited budgets. This makes it hard to build a solid technology team without equally large budgets - whether you're a startup or a huge multinational corporation which just doesn't have the pockets of the City. This in turn makes startups in those places less competitive. Your rant notwithstanding this is something which makes it harder for those locations to create their own versions of Silicon Valley.