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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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
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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This is true. A lot of tech happens elsewhere. But insofar as its productivity/growth is bottlenecked by talent — which I would argue is often the case — it's happening slower than it would if talent were even more aggregated
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