I think he means that by "making this argument" (that is, 'hey, join us, we're based in a place with a low cost of living'), they’re never going to get top entr

I think he means that by "making this argument" (that is, 'hey, join us, we're based in a place with a low cost of living'), they’re never going to get top entrepreneurial talent. Not that they're never going to get top entrepreneurial talent at all because of where they are.