Flee Your Overpriced City

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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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Resources:

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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