Why entrepreneurs are leaving the Bay Area for their next startup

“You’ve got to do your tour of duty in the Bay Area but once you have, you have your network and people are willing to write you a check,” says Mark Johnson, former CEO of Zite, whose current startup, Descartes Labs, is based in Santa Fe, New Mexico. But Silicon Valley isn’t going any where, and for every startup or founder who leaves the Bay Area, someone else graduates from Stanford or wants to move here. Yes, but: While there are plenty of people with technical skills, one thing there is a lack of outside the Bay Area are the people who really know how to scale a fast-growing tech company.Johnson, who is in the midst of spending a month back in San Francisco, said he always imagined the company would eventually move back to Silicon Valley, but that being in New Mexico is now a core part of the company’s identity.

Source: www.axios.com