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Starting a Company Outside Silicon Valley Just Saved Me $1.1M

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Re: Starting a Company Outside Silicon Valley Just Saved Me $1.1M

#101

Post by bluejellybean »

anoncoward111 wrote: post #96
zrobotics wrote: post #39

Earlier quoted context omitted.

Oh, it certainly is bigotry, and it isn't even isolated to the bay area. When I moved to Wyoming, there were a lot of people in Colorado that thought I was literally dropping off the face of the planet, and that I would be unemployable the rest of my life. Sure, the density of tech jobs here is ludicrously low, and I can't job hop like I could in the bay area, but quality of life is important as well, and I don't lik…

How does one reasonably have a need for 40 acres of property? I could see a few acres as being the max needed for reasonable privacy. Are you doing something commercial with the acreage? I think I did a calculation a few years ago that there is only an acre or two of land on Earth for every single person. When you factor in the acreage that is currently liveable and is actually purchasable, you get a number close to…

The idea of calculating the amount of acreage per person doesn't really make sense to me due to our ability to construct buildings. Manhattan has less than 15,000 acres but a whole lot more people than that live there.

As another poster mentioned, it's about the trade-offs. Cities have a lot of advantages that, for most, make it the ideal place to live.

Re: Starting a Company Outside Silicon Valley Just Saved Me $1.1M

#103

Post by magduf »

JohnFen wrote: post #67
true_tuna wrote: post #46

Earlier quoted context omitted.

Where would you go? Asking as a Silicon Valley person looking for a place that’s a step less Silicon Valley, but not quite middle America.

Personally? I don't go anywhere, I start my businesses where I already am (a relatively small town in the Pacific Northwest). I don't know what would work for you, though, because it depends on your business goals. If your goal is to get as wealthy as possible as quickly as possible, then you need to be where the VC money is. That isn't my goal, however, so I have no such need. For my purposes, there is usually plent…

>If your goal is to get as wealthy as possible as quickly as possible, then you need to be where the VC money is. That isn't my goal, however, so I have no such need.

Well, that is the goal of most start-ups, so it sounds like, by your own admission, they're right to found in Silicon Valley.

Re: Starting a Company Outside Silicon Valley Just Saved Me $1.1M

#104

Post by jen20 »

everdev wrote: post #63
jen20 wrote: post #62

Earlier quoted context omitted.

If you need the “absolute 1%” of engineers on your team, you go to them where they are, by having a remote-first team and hiring remotely.

IMO, most are already working in the Bay Area at the big companies or unicorns. If you know how to find that ultra top tier talent remotely I'd love to hear what's worked for you.

Frankly just being remote is sufficient - HashiCorp (for example) was almost entirely remote for engineering for a long time (and may still be, I haven't kept track).

Some people ended up in the Bay Area, many people appreciated being able to live and work elsewhere. Not least, Europe.

Re: Starting a Company Outside Silicon Valley Just Saved Me $1.1M

#105

Post by ojbyrne »

bhelkey wrote: post #87
ojbyrne wrote: post #59

“It’s VC arbitrage.” The problem with arbitrage is that everyone wants to capture it, since it’s basically free money. Not in SV? You only need 1/4 the funding.

> As you can see, the $3.35M I raised at a San Francisco valuation netted me over $4.5 million of purchasing power in Philadelphia. 3.35 / 4.5 = 74.4%. 3/4 the funding not 1/4.

Arbitrage == information asymmetry. It gets reduced over time (this post and comment will help).
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