Flee Your Overpriced City

Startup Therapy

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2+ y ago 40:50

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In today’s Startup Therapy Podcast, Wil and Ryan talk about moving to a major city. Years ago, when a business needed to expand, they often moved to a big city, brought key employees in, and raised funding to cope with a much higher cost of living. But times have changed. A lot of founders can now settle anywhere without the need to drag their employees and their families around. Remote setup is the new normal, and it’s giving Startups the advantage of growing without emptying the bank.

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What to Listen For

00:00 Intro
00:25 Everyone started leaving the mega cities
03:32 When you leave a major city and start your business somewhere else
06:16 An expensive city is a liability
12:14 You raise funds just so you can work within a geographic constraints
17:20 Hiring someone elsewhere for a much cheaper salary
23:37 Most people don’t necessarily want to live in an expensive city
28:19 Founders can move around and have the rest of the team settled anywhere else
31:46 Does your team need to be where you are at?
34:36 You can still show up in places when required
39:32 At this point, you don’t have to live in a major city

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