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by ariannahsimpson 5015 days ago
Hard to say, but I think one of the main hinderances is availability of capital, especially to early stage startups. It's not that there isn't money in NY, it's just generally far more available to later-stage companies (and arguing which is better is a whole other issue). Clearly, if a startup is having trouble raising on the East coast, they have two options: give up, or move West. I think that as long as this is happening, the scales are likely to continue to tip in SV's favor.