[ruler88]

When it comes to building a successful startup, you really should focus on just 2 things: 1) Build great product 2) Talk to customers 2.5) Iterate + repeat

I'm not exactly sure what you mean by 'networking' and what you expect to get from the said activity. You can just as easily raise money from SF/NY investors even if you are based in Atlanta - if you have a great product and good growth. If you are missing great product or good growth, you can't raise money even if you live in the investors' basement.

In terms of talent acquisition - that might be a legitimate reason. Keep in mind that (good) talent is also very very expensive in SF/NY. You are basically competing against the best companies in the world in terms of mission + compensation. So really ask yourself if you have what it takes to attract the best talent.