41 minutes | Sep 20, 2021

Flee Your Overpriced City

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.  Sign up for the Startups Newsletterhttps://www.startups.com/newsletterResources: Startup Therapy Podcast  https://www.startups.com/begin Join our Network of Top Founders  Send an email to therapy@startups.com  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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