Every time someone says "don't worry, the big companies won't leave" due to e.g. SF's increasingly insane regulatory structure, start-ups should be hearing the silent "...but they'd be crazy to *start* here" at the end
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From the perspective of human well-being, distributing what is currently very heavily concentrated in the bay area to the rest of the country is probably net good. But, SF probably wouldn't view it that way once the tax revenue begins shifting to "anywhere but here".
There are massive productivity/growth advantages to having concentrated specialized talent pools & to having competitive capital rather than dispersed benefactor-fiefdoms — this is both why SF is still winning & why *somebody* should win
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Tougher to care if you think of "tech" as insta-twit-book + some VR stuff or whatever; it's easy to dismiss the value there... but, for example, if a really promising biotech firm is treating cancer, you want them to have unfettered access to capital & the best employable talent
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I don't think that, but quite a bit of the valley tech startup infra does. Plenty of biotech (maybe most, though it isn't something I've looked at recently) happens elsewhere.
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I don't know if the data proves that (but, don't know if doesn't). "Tech" covers a lot of ground (nearly every business and scientific endeavour now includes software). It can't all be in one, geographically bounded, region. Real estate prices alone are a limiting factor.
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Capital is not geographically bounded, even though many Valley investors behave as though it is. Talent is definitely not limited to the valley or even the US. pg wrote about it years ago, and I'm still unsure of the argument that SF is innately the right place for tech startups.
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