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 https://twitter.com/datarade/status/1307762673006845955 …
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You honestly think the edge of being in the Bay Area during the pandemic has lost its edge for venture scale businesses? Even if 20-30% of the most talented people leave the Bay Area that still means 70% of people are still here that have scaled these tech companies before.
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1/Young folks don't aspire to come to San Francisco and overpay for an apartment anymore... 2/those young folks can work for a great company remote now. only 5-10% of gigs were remote, now it's 100%, and post-pandemic it will be 50-75% I predict 3/investors now invest remote
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Replying to @Jason @kevingibbon and
you put those three things together, I think it means you can build a business in Austin, Reno, Miami, Colorado, Utah, LA, Toronto, and get taken as seriously by investors as those folks in the Bay Area. that's the change... and it's real.
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You always could do that and there are many example. Look at Shopify, Domo and Qualtrics. There is a lot of generalizing as if this is a binary choice. However I strongly think that starting a tech company in the Bay Area you still will still have a massive advantage.
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