Listen "Flee Your Overpriced City"
Episode Synopsis
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/beginJoin our Network of Top Founders Send an email to [email protected] What to Listen For00:00 Intro00:25 Everyone started leaving the mega cities03:32 When you leave a major city and start your business somewhere else06:16 An expensive city is a liability12:14 You raise funds just so you can work within a geographic constraints17:20 Hiring someone elsewhere for a much cheaper salary23:37 Most people don’t necessarily want to live in an expensive city28:19 Founders can move around and have the rest of the team settled anywhere else31:46 Does your team need to be where you are at?34:36 You can still show up in places when required39:32 At this point, you don’t have to live in a major city
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