this tweet perpetuates so many things I dislike about the bay area and how companies are built there. also I’m pretty sure 30% of the most recent YC class was int’l and a pretty significant portion was domestic non-bay area.https://twitter.com/paulg/status/1203999522910855168 …
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I think the opponents of PG's argument to wrestle with why SF returns are just so much more dominant. Boston/LA/NYC have nearly 50 $1B+ exits combined over the last decade, but none would crack the top 10 overall.
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If we excluded Facebook as an extreme outlier, *one* non SF company - Snap - would crack the top 10, in the #10 slot. I think you could argue that SF is not optimized for modal outcome, but there is some reward to the extremely successful companies.
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