That doesn’t seem non-consensus to me. Valley is more powerful than ever. It’s a talent magnet and still the place to build. That hasn’t changed even if the sentiment on tech is cooling off.
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I feel like the consensus flipped in past 5 yrs, but could be wrong
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That’s non-consensus??
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These days? Yes
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Well, proof is in the pudding.. (and I agree ;)
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You win the market or not. SV matters if market is big and profitable.
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On the flip side, of the market is small and you’re not on track to a billion, I think SV can be a detriment. Too much pressure toward hyper growth and needless risks.
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Yup. What's changing is where the dividing line is
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In which direction?
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As SV gets more expensive, the dividing line goes up market
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Yeah. I also get the sense that home-run retuns are going up, so 10x isn’t enough anymore.
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I think this is dependent on your network and ability to access it. HQ in the Bay + Remote is smart (as evidenced). Super connected founder + HQ elsewhere is smart (e.g.
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Different cities have different ecosystems (education, VC, talent pool, etc). Boston is hardware and pharma. NYC is CPG/consumer product. SV can support just about any company but strong in SaaS/consumer software. I actually will have a post up soon if you’re interested.
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'Network' - that's a good way to summarize the benefits. Legal, VC, talent, advisors, customers, board members, networking.
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Is this, in your opinion, true for hardware startups as well? (Shenzhen seems like an interesting challenger.)
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You need to get out more.
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Apple and HP did it before SV was crammed with VCs. Microsoft did it. IBM, Texas Instruments, and Honeywell did it. Alibaba, Tencen... Why does "network" = "offgassing in each other's personal space"? I think there's tech to get past that literally called "networks."
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Talent matters and the concentration of talent is here.
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@paxkoduri something to consider
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Interesting theory. Not sure it matters as much in healthcare though. But what do I know - I work for a 50+ years old startup out of Bloomington Indiana.
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