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It's bad for bootstrapped startup, but startups who decide to raise funds can still do fine. Anyway that's always been Silicon Valley's strength: VC money. If
by eloisant 12y ago
It's bad for bootstrapped startup, but startups who decide to raise funds can still do fine.
Anyway that's always been Silicon Valley's strength: VC money. If you want to start a bootstrapped startup, Silicon Valley is a bad place to start with. You're in competition with so many cool companies for recruiting, while in a big enough city with a university you can easily be one of the sexiest company to work for and attract the talented workers who don't want to move to California.
- ktothemc 12y agoRight now, the way that tech companies get around this is by paying their employees progressively more and not really engaging with the political system. But this particular strategy also has its downsides from a community perspective, because it starves out other uses of our city for public service workers, teachers, artists, etc. Perhaps there is another way where we are politically engaged, where we can generate broad political will for more housing given that the largest and most successful companies have a hand in funding or supporting diverse growth (in the way that New York's biggest corporate institutions are also great patrons of the city's arts).