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"SV money buys you some access to the market, in publicity and networking effects." It buys you into the echo chamber. Unless your customers are in the startup
by timr 11y ago
"SV money buys you some access to the market, in publicity and networking effects."
It buys you into the echo chamber. Unless your customers are in the startup world, this probably doesn't matter for your business.
Pick a business category that isn't technology or software. Very likely, all of the most recent successes in that category were founded outside of silicon valley.
"At least in SF you have a pool of clever engineers or cofounders. Its not like that in all places."
It's not like that in all places, but it's way better than people pretend. The unemployment rate for a good engineer in the valley is negative -- everyone is being poached by identical-sounding startups, all the time. So you're really just paying substantially more for access to a group of people who have worked at other tech companies.
...meanwhile, many of the best engineers I know continue to live outside of the valley, and work for a fraction of the going rate.
- irishcoffee 11y ago> "At least in SF you have a pool of clever engineers or cofounders. Its not like that in all places." Heh, I've always viewed these people as the people selling shovels during a gold rush. Good on them.
- deleted 11y ago[deleted]
- dragonwriter 11y ago> It buys you into the echo chamber. Unless your customers are in the startup world, this probably doesn't matter for your business. It buys you mass, global media. Its pretty much why AirBnB is anywhere close to as recognizable as VRBO, which has been around and profitable in the same space far longer. > Pick a business category that isn't technology or software. Very likely all of the most recent successes in that category were founded outside of silicon valley. Unless you broaden "technology and software" as a "business category" so broadly as to be meaningless (e.g., to include every business that uses technology or software, no matter what it it actually selling), that's rather dubious.