>I should also say, just because you raise money in the bay doesn't mean you have to run your business in the bay. Should you choose to do so remotely, you'll like take a bit of a discount, but it's worth mentioning this year's YC class was entirely remote.

I like this idea. Is this common? How many companies followed this strategy? It might have been remote but it is entirely possible that the companies will move to the bay area after receiving funding.