I think at this point those who locate in the bay area see getting VC money as success, and whatever comes after as resume padding. Anyone who is ready to build a real fast growing business is not going to go to the one place in the world where the costs are astronomical (except maybe for a small titular HQ with the CEO while the rest of the company is in cleveland or something). Everything is super expensive, and to be honest, there's a lot of investor money, but most of it I wouldn't touch with a 10 foot pole-- the cost of that money is astronomical as well.