[cmicali]

“At the time, getting a seed round done for a consumer Internet startup in Boston was a lot harder than getting a round done here,” she said.

I think this is still a big factor. Things have gotten a lot better - there is more of an ecosystem now, better availability of seed funding, and there is a growing pool of talent.

That said, beyond small seed checks investors in Boston are more conservative, valuations are lower, there is less appetite for risky consumer plays ("why don't you go after this known b2b market?".)