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Re:Atlanta Gets Its Own Y Combinator In Shotput Ventures by ajju on Wednesday March 25, 2009 @10:14PM (#532849)
Good point. On the other hand countries like India and China are already at a point where there are successful startups serving local customers.

Also, a startup that's doing something like, say Reddit, may not need to be physically close to users to be successful.

Re:Atlanta Gets Its Own Y Combinator In Shotput Ventures by rjurney on Wednesday March 25, 2009 @10:36PM (#532869)
Serving local customers is key, but even if you're Reddit, I think that ideally you are immersed in a community of people doing similar things. You need that feedback and energy.