Earlier quoted context omitted.
Most people in Waterloo dream of getting out of Waterloo.
Being a Waterloo engineer, I agree with this wholeheartedly. Perhaps even more importantly, I'd say the top talent disproportionatly dreams of getting out of Waterloo. Most quality students want to get down to Cali. I respect what Litt, Pebble, Bufferbox are trying to do, but I don't think young talent is the reason their doing it. I think that the cost of living, tax credits and familiarity are the reasons they're b…
A small fix, Pebble is actually in Cali full time now. And it's been this way ever since YC 1.5-2 years ago when I interned with them.
The other thing is regarding familiarity, startup focused folks don't strike me as being too fond of familiar environments just for the sake of familiarity, though I realize this is a generalization on my part.