This is what I don't get about the (former?) SF / Bay Area startup scene. VCs tell startups "keep your cash burn rate as low as possible, to give yourself a long runway." But then they also want startups to move to SF -- the most expensive city in the country! Don't these 2 things conflict?
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This is what I don't get about the (former?) SF / Bay Area startup scene. VCs tell startups "keep your cash burn rate as low as possible, to give yourself a long runway." But then they also want startups to move to SF -- the most expensive city in the country! Don't these 2 things conflict?
Investors for the most part no longer ask / want startups to move to SF. This was a trend even before COVID.