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Ask HN: SF vs. NYC?

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Ask HN: SF vs. NYC?

#1
My team is currently discussing a relocation to either San Fransisco or New York City in the next 2 months our so. We are a social network startup currently based out of Atlanta. ATL is a young growing city and we believe the media connections and partners here are great. However our reason for wanting to relocated is 2 things.

1. Talent is really hard to find here in Atlanta. 2. The network of investors in Atlanta aren't interested in our space.

I personally have lived in both locations. I find them both to be expensive but livable. I've also found that 3 months networking at these locations is 12 months in ATL. I'm interested to see what the HN community thinks. Any founders who have made the move that can share some wisdom would be great.

Re: Ask HN: SF vs. NYC?

#3
When it comes to building a successful startup, you really should focus on just 2 things: 1) Build great product 2) Talk to customers 2.5) Iterate + repeat

I'm not exactly sure what you mean by 'networking' and what you expect to get from the said activity. You can just as easily raise money from SF/NY investors even if you are based in Atlanta - if you have a great product and good growth. If you are missing great product or good growth, you can't raise money even if you live in the investors' basement.

In terms of talent acquisition - that might be a legitimate reason. Keep in mind that (good) talent is also very very expensive in SF/NY. You are basically competing against the best companies in the world in terms of mission + compensation. So really ask yourself if you have what it takes to attract the best talent.

Re: Ask HN: SF vs. NYC?

#6
Neither - I'd focus on staying in Atlanta where you can be a big fish in a smaller pond, rather than yet another startup in NYC or SF.

Several reasons: * More likely to get local press in Atlanta, because the "scene" is smaller, and you probably have connections through people you already know

* Cost of living is so much lower - you can get an incredible house in Atlanta for a much lower monthly payment than what you would end up renting in either one of those two cities.

* Talent may be hard to find in Atlanta (I can't speak to that) but plenty of people might be aging up-and-out in either NYC or SF - getting married and/or having kids, and now looking at exactly what kind of living situation they might get in those cities on a senior developer salary. Sure, they would most likely take a salary decrease for Georgia, but their dollar would stretch a lot further.

* One of the best airports in the country, on MARTA - easy to get anywhere in the country, as long as you really like Delta (or Southwest these days).

* Outside-the-bubble - Atlanta isn't a "tech-only" city, so unless you are building to flip, you should have better success staying grounded in ATL.

Re: Ask HN: SF vs. NYC?

#7
Why would you move your start up to one of the most expensive places in the US? Especially if you don't have funding.

1)For talent perhaps you should consider a remote and distributed team. Its 2016, this is not uncommon and it can work quite well.

2)Why do you have to be in the same location as investors? You can set up appointments with VC folk over the course of a few days and fly out for that.

Re: Ask HN: SF vs. NYC?

#8
You'll probably have better luck hiring someone and allowing them to work from wherever they are (telecommuting) than trying to descend into the chaos/noise/"dead end" that is San Francisco. New York may work, but why take on a higher cost of living for no reason?

Re: Ask HN: SF vs. NYC?

#9
Man, every other comment is trying to talk you out of moving.

Atlanta is kind of like that Facebook friend who thinks she is a "model". Atlanta start-up scene believes it is hotter than it really is.

If I were you, I would rent a cheap house in SF for 2-3 months as a team, stay there and spend at least 50% of the time networking at meetups and pitching.

It will give you clarity in 3 months if you idea is sellable or not. If you get major breakthrough in 3 months, stay longer otherwise fly back home and start over with a new idea.

Re: Ask HN: SF vs. NYC?

#10
> 1. Talent is really hard to find here in Atlanta.

Finding talent will be even more difficult in NYC & SFO. Look where other people aren't looking. Jason Fried has a brilliant take on this > http://www.inc.com/magazine/201607/jason-fried/tech-poaching...

> 2. The network of investors in Atlanta aren't interested in our space.

ATL benefits from 2500+ daily flights -- there are potential investors all over the map. They don't care where you're based, as long as your model works.

Here's a solid list from 2013 of VC's interested in Social > http://www.web-strategist.com/blog/2013/03/29/meet-the-inves...

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