Why One of Silicon Valley’s Savviest Investors Has Shut His Wallet
<i>“Everyone is competing for the same people, going after the same real estate, the same support services,” Hartz says. “The natural resources of the startup world are getting scarcer and scarcer, and the cost is getting higher and higher. It’s all an outgrowth of an abundance of capital.”</i><p>And largely still doing this in just a few square miles in California.  Are investors so emotionally tied to one geographic area that long-term investing in other areas of the US is strictly verboten?  Techstars and other programs should be demonstrating there's 'natural resources' outside of California, no?