One thing that is really hurting tech (as we see, in the distribution of capital and acquisitions) is placism. It's not good for the advantaged places (San Fran

One thing that is really hurting tech (as we see, in the distribution of capital and acquisitions) is placism. It's not good for the advantaged places (San Francisco and possibly New York) nor for the 99% of the country that's losing out. VCs (the only investors in this game, sadly, because bank loans require personal liability, precluding anything that has any real risk) assume that if you're not in the Bay Area, you're not serious because "all the talent" wants to be there. It causes a vicious cycle. You hear a lot of murmuring about second- or third-tier hubs picking up when, in reality, things are probably the most skewed they've ever been. It's not healthy for all the innovation to be allowed only in one area. The real investors (the people with the money) don't care where their money is spend as long as it makes a profit. But we have a system that forces people to compete for scarce space in what has become a congested and hideously overpriced part of the country... even though rent and living costs exert a gigantic drag on new business formation. The only people who win under placism are VCs, big-city landlords, and HR departments (because they can look at a resume and evaluate it based on geography).