Re:Waze Carpool
by freehunter on Thursday January 25, 2018 @01:49PM
(#16233377)
Rolling the dice as in founding a startup? For sure. But that's mainly because all the VCs are are in SV and some of them force you to be there too (looking at you YC...). Startups outside of SV need to be profitable from day one[0] because there aren't too many people out here willing to throw millions of dollars at unprofitable ideas.
The ones rolling the dice are the VCs. Everyone else, founders included, are just slot machines. Your odds of hitting a jackpot in SV are higher than anywhere else, but so are your odds of losing everything. Elsewhere, you might not hit a jackpot and become a unicorn, but is a focus on slow and profitable growth really a net negative?
San Fransisco never forgot their gold rush heritage, and just like back then, the miners come looking for a fortune but the only ones reliably getting rich are the tavern owners.
[0] https://m.signalvnoise.com/why-we-choose-profit-e511efc4dcb9
Rolling the dice in SV will result in much bigger winnings more often than it will in other areas. That's worth something, and obviously people are willing to pay for it (give up some things).