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If you are bootstrapping, and you are starting a company in an area that does not need the top tier of engineers (which is most of them, regardless of how they talk about hiring the best), I'd consider starting someplace low cost. I think college towns in the midwest / rust belt are untapped resources, or areas that used to have strong technically focused companies that moved away. I've personally seen founders bootstrap and launch successful companies (B2B with real revenue, not Uber for cats) in areas with little tech presence. The ability to not have to shell out huge salaries and equity was a real winner, there's also less distractions. You can get strong engineers (no, not SV / Seattle top end engineers, but people that can throw together a reasonable website) for < 100k in these areas, and they won't bounce around as much. You aren't competing with AmaFaceGoogSoft here, you're competing with HR companies and random consulting houses. There's disadvantages to being outside of the tech bubble, but advantages too. That being said, for an employee, you should at least try and do some time in SV / Seattle etc. |
> ...starting a company in an area that does not need the top tier of engineers...
As far as quality of talent, the "top tier of engineers" aren't all in SF, Seattle, or NYC. There are plenty of "top tier" engineers in all kinds of places.
If you mean the "top tier" in pay rates are in those cities, that probably true. But those cities also have a ridiculous cost of living adjustment baked in.
I might be misreading what you're writing here, but it sounds like you're saying, "Try founding a place in Champaign, Ill. The engineers aren't top notch, but they're cheap enough to be worth it." I just wanted to push back against this meme.