It's not the start ups, but the investing circles that make the hub. Start ups can move pretty freely, but angels and VC's appear to be more set in one location. If you can convince gutsy angels to move from San Fran to Boston, or get Boston angels to be more bold with their investments, then Boston has a chance. Otherwise, it's not worth it for innovative start ups to stay in Boston.
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Would there be value in encouraging startups to move to Boston to eventually create another, rival hub?
It's not the start ups, but the investing circles that make the hub. Start ups can move pretty freely, but angels and VC's appear to be more set in one location. If you can convince gutsy angels to move from San Fran to Boston, or get Boston angels to be more bold with their investments, then Boston has a chance. Otherwise, it's not worth it for innovative start ups to stay in Boston.