And there's only so much talent out there. There's no denying that the pile of venture capital money available remains one of the Bay area's big draws. He has launched several start-ups. Others agree that investors' need to be close to the action is a key reason for venture capitalists' pro-Valley bias. It's easier for us, and it's easier for the company.
Great ideas happen all over the world.
That's a rare stroke of good fortune for a start-up that's not in the Bay area, Boston or New York. And every entrepreneur knows it. They're the ones who made the place crowded, after all. Snatch bodies from Sun and Hewlett-Packard. And on it goes.