Question
A "self-sustaining hub for talent" refers to a geographical area or a community that has a high concentration of skilled professionals and resources that continually attract more talent. This creates a cycle where the presence of talent attracts more talent, businesses, and investments, making the hub self-sustaining. In the context of "Super Founders", the San Francisco Bay area is cited as an example of such a hub. Many startup founders moved there due to the abundance of talent, resources, and venture capitalists. However, the rise of remote work has started to change this dynamic.
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Fact: While it's true that over half of the companies in this study are in the San Francisco Bay area, many of them moved there later. Dropbox's founders moved from Boston to San Francisco after Y Combinator. The area created a self-sustaining hub for talent, and many venture capitalists limited their investments to local places where they could attend board meetings. The pandemic changed this significantly, with remote work adopted by many companies. The other half of unicorns hailed from New York, Massachusetts, and other locations. Chewy started in Florida. Epic Games is in North Carolina. Carvana was founded and remains in Tempe, Arizona.
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