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It's a little unfair to blame startups, they largely just set up shop where the capital is. Most VCs required startups to be headquartered near by for easier management/communication. The tech scene in SV had such exceptionalism that it quite literally viewed any startup not in SV as an inevitable failure. Even YC mandated startups be in SV.


Not sure why you are down voted. This is a requirement for many of the VCs in the valley. You have to be both US-based and “nearby”.




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