> If you're a startup in a place with relatively few startups, you have a real shot at attracting the top programmers locally, because you're the only game in town. In the Bay Area you're competing against Google, Facebook and all the rest.

Are the "top programmers locally" likely to be as good as the "top programmers" in SV? (There is some top talent outside SV, but it's not everywhere and SV has a critical mass in almost every domain.)

What does it say about a biz that can only attract/keep top talent when it's competing against the junior varsity? How will that biz fare against a biz that does attract/keep top talent when competing against top tech companies?