I live in a 2-exit town in the bay area. Means you can’t afford to buy a house until your second company has an exit. :/

The Bay Area is a very nice region of the country to live in, but housing and office prices are way too high. This is why it’s better to do business in another part of the country where you won’t have to pay $30 per square foot to rent an office or have to pay $5 million for a normal looking suburban home.

Anonymous says:

November 6, 2014 at 5:25 am

I should add to my comment that the only reason why startup founders should even consider moving to the Bay Area is the easier access to investors, since there are more investors in the Bay Area than any other region of the country. Other than that though, there’s no reason for someone to move from another part of the U.S. to live in San Francisco or anywhere in that region.

Reply
- Anonymous says:
  
  November 6, 2014 at 10:27 am
  
  I don’t understand this logic. It’s not as if the investor is dropping off bags of money every month to the office and so desires a shorter commute to the drop off.
  
  Reply
  - Anonymous says:
    
    November 6, 2014 at 2:08 pm
    
    Ha! +1
    
    Reply
  - Anonymous says:
    
    November 6, 2014 at 7:27 pm
    
    Investors like to pretend that they add value besides money. So, they want a shorter commute so that they can come down to the offices of their startups and try to give them advice, even though those startups don’t need it.
    
    I read an article which said that the most successful founders tend to be the ones that have the least amount of contact with their investors. The founders know more than the investors do in terms of how to run their own startup; they just need money to get it done.
    
    The only need for investors is for help with hiring and securing additional capital. It’s easier to raise money once you’ve already raised a round, since your current investors can vouch for you and your company to other investors that they know.
    
    Reply

1mailman

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