Love Jessica Darko

She wrote what is quite possibly the best comment that I have ever read on TechCrunch. It is in response to Vitrue's CEO Reggie Bradford's article on "Why Even Ron Conway Couldn’t Persuade Me To Move To Silicon Valley."

Not 100% of it holds true for every startup but it's a great piece of writing.

Anyone who tells you that you need to relocate to the valley for your startups is giving you bad advice and is not to be trusted.

The only upside of the valley is that VCs are often not interested in investments they have to travel for, but if you're doing a modern startup, you should not be going after VC money anyway. You no longer need it for infrastructure, and the cost of VC money (both in equity and the terrible advice they will force on you) is not worth it.

In the valley everything costs twice what it should, the regulatory and tax burdens are unreasonable, the employees are going to jump to the next hot thing, and are generally of lower quality than the employees elsewhere. 

Seriously. Give me a state school educated programmer (or one who never went to college– even better) over a stanford grad any day.

But if you want to build a feature that pretends to be a product that pretends to be a "startup" and you want to raise a bunch of cash from douchebags in order to flip it to Google or whomever in 18 months— then the valley is the only place to do that.

If you want to start a business, one that will grow and has a chance of being run well, then you cannot do it in the valley, or at least trying in the valley is handicapping your business from the beginning.

Of course, all the people in the valley think the former is the latter and so that's why they advocate people relocate to the valley.

And I'm not even getting into the fact that if your idea is good you'll have dozens of competitors quickly because there is no integrity in the valley– no VC keeps his mouth shut.


Further down in the comments Chris Stuckey suggested that atdc line up Reggie for an Entrepreneurs' Night. Great idea, I'll try to make it happen. Or perhaps we should get Jessica to fly in.

April 15, 2011  |  Comments  |  Tweet  |  Posted in Entrepreneurship, Venture Capital