> Now what happens if you include expats in the calculation?
Pretty sure expats are included in Gini calculations.
> And yet you see a lot of Europeans and Canadians founders going to the valley for funding. Yet the opposite almost never happens.
Why wouldn't you raise money from where the money is? Inequality means there's a small handful of people with giant piles of money. That's a good bet to go knocking at if you want some.
Generally if you want to build a successful business you should raise on the best terms possible, and European investors are not known for offering particularly compelling terms.
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.
> Pretty sure expats are included in Gini calculations.
I meant European nationals living in the US. Pretty sure the salary distribution would be different between "Software Engineers in France" and "French Software Engineers" as the second includes all expats living in the Bay Area...
> 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.
Had there not been a global pandemic would that have been the case?
>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.
Pretty sure expats are included in Gini calculations.
> And yet you see a lot of Europeans and Canadians founders going to the valley for funding. Yet the opposite almost never happens.
Why wouldn't you raise money from where the money is? Inequality means there's a small handful of people with giant piles of money. That's a good bet to go knocking at if you want some.
Generally if you want to build a successful business you should raise on the best terms possible, and European investors are not known for offering particularly compelling terms.
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'm not sure this argument is connected.