[sonnyblarney]

"There is abundant investment funding available to pay employee compensation at start-ups with the potential to scale up with increasing profit margins."

No, there is not an abundance of capital floating around to just pay developers ever increasing (above inflation) salaries commensurate with the massive profitability of other major companies in their immediate vicinity.

To the point wherein even Peter Thiel wants to opt for LA, with his statement: "I'm spending all of my money on Silicon Valley landlords"