Jim Morris's Thought of the Week (or month, or year, ...)
Friday, September 08, 2006
Is the Bay Area Good for Entrepreneurs?
“Duh,” you say? Well, according to Entrepreneur.com( http://www.entrepreneur.com/bestcities/region/large.html), we rank 28th, after such hotbeds of innovation as Columbus, Ohio! There is something suspicious about this ranking, but I’m beginning to wonder whether the Bay Area is, in fact, the best place to grow a business. Housing costs are a major issue along with the general expense of doing business.
The CEO of a start-up that recently moved here from the heartland said that his team was more focused on creating the product and less tempted to job hop in its previous location.
Maybe the right approach is to start the company here with the founders, keep the headquarters here for deal making, but do all the development work elsewhere. You don’t have to go all the way to Bangalore; Pittsburgh would do nicely.
Maybe the Bay Area is the new Boston – a place where you come to learn and get your ticket punched, but too expensive to create a business.
posted by Jim Morris @ 2:29 PM