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by enraged_camel 4278 days ago
I know a couple of people who live in Vegas who are familiar with the project. Based on what they have been saying, it is a prime example of why it is not possible to create a "startup hub" just by pouring money into some random city. You also need great educational institutions nearby as well as a healthy mix of angel investors and VCs. Attract enough smart, curious and self-driven people to create a "critical mass" and then have lots of money available to fund the ideas that emerge. That's what made SV what it is.

I was actually asked if I'd be interested in moving to Vegas to join an accelerator to seriously pursue one of my ideas, but I declined. In my mind, Vegas is for weekend getaways. I could never live there.

Besides that, the project seems to suffer from typical nepotism. When you're giving jobs to family and friends without paying any attention to whether they are qualified, you are shooting yourself in the foot and significantly decreasing your chances of success in a project that's already very ambitious. I hope things work out but it isn't looking good right now.