The San Francisco Bay area has become a hub for startups due to several key factors. Firstly, the area has a self-sustaining talent pool, which is attractive to new businesses. Secondly, many venture capitalists have historically limited their investments to local places where they could attend board meetings, leading to a concentration of funding in the area. However, the advent of remote work has begun to change this dynamic.
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The billion-dollar startup founder is shrouded in mystery and mythology, but don’t believe everything you hear. If you’re not an Ivy League drop-out t...
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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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