It helped, but not any more Kumar
Founders can pick any location & win big
San Francisco has collapsed into chaos under @LondonBreed & @chesaboudin
Investors in Bay Area still have slight edge—but during pandemic that edge is negated
Future is wide open
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1/ Talent is becoming more atomized. & between heat/fires, corruption, violence & incompetence, folks are less enamored of coastal centers. Next Stripe or Snowflake could come from MI or OH or NC (Harder for Deep Tech teams - but
@boomaero may ship a supersonic jet from CO
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2/ …that being said, the “serendipity problem”, or that of “team nucleation” if you will still remains somewhat unsolved Sure folks can bond together over Discord game channels to decide to do some stuff on Github, but…
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3/ …connecting in the hall of a conference or over lunch at work, & then building trust over time… …the ability to grab a quick coffee or beer & commiserate while building a startup or whiteboarding a super-hard R&D problem… …that’s all lost or high-friction “full remote…
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4/ …& last but not least, our primate brains are wired to develop trust & empathy over time *in person*. A lot of subtle cues are just “band pass filtered” even in HD video. And that trust & empathy is essential IMO for the *team resiliency* necessary to endure startup grinds
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Those cues are huge. Lot of stuff easily missed on video you catch/sense in person.
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