> All else being equal, a Silicon Valley/San Francisco > based startup is able to achieve a much higher > valuation than an equivalent startup outside S

> All else being equal, a Silicon Valley/San Francisco > based startup is able to achieve a much higher > valuation than an equivalent startup outside San > Francisco. How sure are you that that's true, and if you are, why do you think that is? Is it really so hard for a founder in - say - Vegas - to get on a plane to SF frequently enough to neutralise any location advantage? If so, sounds like a massive opportunity for a VC to get some really cheap deals (and hence my skepticism).