> It's hard to have a ramen startup when your garage costs a million dollars.

Word.

Peter Thiel had something to say about this - basically, he said that so much of the VC money that a start up would raise would go to rent that it no longer makes sense to start a company in the Bay Area.

And those garages in Austin, Nashville, Charlotte, Railegh-Durham, and basically every where else are starting to look very attractive to savvy start up founders. Especially under the WFH circumstances bc of covid.

Austin's been on the tech radar for a while, but I've seen a lot of my friends from the DC area head down to Raleigh-Durham, easily 5+, and a couple who headed to Nashville.

The rise of remote work has been pushed forward hard by the pandemic which means that new companies with a modern and enlightened structure will have minimal need for facilities and offices. The servers are in the cloud and employees can sublet rooms to keep rent minimal.

The resource metric that really counts is talent. That probably means there will be more of NorCal, BosWash, Texas, and Rust Belt all getting involved and contributing whenever there is a truly significant effort.

Raleigh is where we’re headed in January, California has been great for the past 20 years or so but now with full WFH we don’t need to stay.

But I dont want to live in any of those places. Too hot.