I don't think it would work. If you're selecting a city to start a startup, as opposed to starting one wherever you already are, then ideally you're going to wa

I don't think it would work. If you're selecting a city to start a startup, as opposed to starting one wherever you already are, then ideally you're going to want a low cost of living, a high density of talent, investors, and early adopters. This option would only offer the low cost of living. If your business doesn't need to be physically near your customers, investors, or talent, then you can literally setup anywhere in the world and you'd probably be better off choosing somewhere more pleasant with an even lower cost of living.