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It really blows my mind that young people starting new companies want to live and work out there. There are other places to live that are less expensive and h
by chrissnell 12y ago
It really blows my mind that young people starting new companies want to live and work out there. There are other places to live that are less expensive and have venture capital! My hometown of San Antonio, while nowhere near as inexpensive as it was 10 years ago, is a great example of this. The startup scene in SAT is blowing up and you can get a gorgeous, brand-new apartment for under $2K.
- jseliger 12y agoVC investment is very power law, and SV dwarfs other places: http://www.citylab.com/work/2013/06/americas-top-metros-venture-capital/3284/ http://www.citylab.com/work/2013/06/americas-top-metros-vent... , especially controlled for population. See also pg's "Cities and Ambition" http://paulgraham.com/cities.html http://paulgraham.com/cities.html. People move to SV to do startups because everyone else moves to SV to do startups. The field of economic geography studies this phenomenon.