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I believe he said dearth of VC money and that it's not as big a problem as the media makes it out to be because it's much cheaper to start a company these days.
by byoung2 17y ago
I believe he said dearth of VC money and that it's not as big a problem as the media makes it out to be because it's much cheaper to start a company these days. High rent isn't a big problem either, because startups can work out of a tiny shared apartment and use cloud infrastructure and broadband instead of leasing expensive office space with a T1 and a server room.
- jmtulloss 17y agoThose costs that you do have, however, are almost certainly higher in the bay area.
- byoung2 17y agoThat is definitely true, but it can be worth it to be near VC and a large pool of talented people. I could start a company in Phoenix, AZ for pennies on the dollar vs Silicon Valley, but there would be virtually no VC and far fewer programmers (sorry Phoenix!).