The US Navy Blue Angels numbers 5 and 6 fly near the Golden Gate Bridge in San Francisco, California as part of a practice run for Fleet Week on October 6, 2016. / AFP / JOSH EDELSON (Photo credit should read JOSH EDELSON/AFP/Getty Images)
I recently read a list of the 10 best cities to launch a startup. It included the places you’d expect: Silicon Valley, New York, Los Angeles, Boston, Tel Aviv, London, Chicago, Seattle, Berlin and Singapore.
My co-founder and I launched our startup, StreetShares, outside of Washington, DC, which was not on the list. For two years now, people have been telling us to move our company to Silicon Valley. Even now, I write this article on a plane heading back from investor meetings in San Francisco where we were told we should move, yet again. We’ve resisted.
Here’s why many entrepreneurs, particularly “vetrepreneurs” (those with military experience like us), choose to launch their startups away from the conventional hotspots.