Startups thrive in startup hubs like Silicon Valley because they understand the specialized business of startups
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Paul Graham/Why to Move to a Startup Hub
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Startups often require funding from investors 1 0 2The valuation of a startup is not just the value of its current assets, but also its ideas and potential future work 1 0 2Starting a startup does not require extensive knowledge about business 1 0 2Startups would do better if they moved to Silicon Valley 1 0 2All other things being equal, the more of a startup hub a place is, the better startups will do there 1 0 2Other considerations can outweigh the advantages of moving for startups 1 0 2A startup connected to a specific industry may be better off in one of its centers 1 0 2Startup hubs are also markets and markets are usually centralized 1 0 2Fast growth makes startups attractive investments 1 0 2Heartland cities need to accommodate every type of investor in the ecosystem to compete for high-growth, high-margin technology companies 1 0 2