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> I feel it’s actually a competitive advantage > to build startups outside of Silicon Valley

In some ways this is true. We're in Scottsdale, AZ and have lured two senior people from SV. Granted, they admitted to some irritation with the SV culture, it wasn't really hard. But the incredibly lower cost of having a business here means were capable of offering fair market salaries, not typical low salaries + equity of most SV startups.

While the talent pool is smaller, the competition for that talent is almost nonexistent... so hiring was easier to some degree.

And if you play golf... well...

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