I think (and have no evidence to support this whatsoever) that the temperate climate may factor in to the concentration of bootstrapped ventures in SV as well.
My logic is that homelessness in somewhere like Juno Alaska would be FAR worse than being homeless in the Valley, so in that sense, a bootstrapped Valley startup with a short runway is more risk averse than that same startup somewhere with more extreme temperatures.
My logic is that homelessness in somewhere like Juno Alaska would be FAR worse than being homeless in the Valley, so in that sense, a bootstrapped Valley startup with a short runway is more risk averse than that same startup somewhere with more extreme temperatures.