I strongly disagree that the high cost of living is beneficial for startups. Keep in mind the very term Silicon Valley comes from chip companies (Fairchild, Intel, etc.) who came to SV because it was cheap, open farm land. There isn't a business in the world that doesn't want to optimize on costs.
Take a look at a modern SV company now: Apple. It creates lots of jobs in SV, but far more in China.
SV succeeds in spite of the costs, not because of them.
Take a look at a modern SV company now: Apple. It creates lots of jobs in SV, but far more in China.
SV succeeds in spite of the costs, not because of them.