I read an awesome post yesterday from a startup founder from Atlanta who's moving his operation's headquarters to California. As I read about the challenges Atlanta poses to tech startups, I couldn't help but reflect on my own similar experiences.
A few years ago, I had a chance to ride along with a software startup company here in Columbus, OH. I wrote our product's first lines of code and grew an incredible team of developers who helped grow the product. Life was challenging, and the path was steep, but we had nowhere to go but up.
Then, funding happened. Our CEO spent tireless days pounding the pavement in central Ohio looking first for Angel funding, then for VC funding. We spoke with a number of firms in ever-widening concentric circles around Columbus, but we never found anyone in this area who was looking to take on an early-stage tech startup, and we ended up being funded by a couple VC firms from Texas. I'm not sure that the distance is what led to our demise, but I can guarantee that it didn't help. If nothing else, the amount of money we blew on airfare and hotel rooms would have kept our lights on for another couple months.