Where to live if you want to get rich
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Episode Description
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Brief Summary
The Bay Area is the best place for 25-year-olds to maximize financial returns through focused dedication to startups.
Key points
- The Bay Area: A Startup Hub. The Bay Area is the prime location for maximizing financial returns and startup success.
Transcript
one question I get a lot is if you were 25 years old where would you live to maximize your financial returns this is the most obvious answer in the world which is the Bay Area the reason is this is the place where you go to get work done there's a reason why most of the Magnificent Seven were founded and built and scaled not just specifically in the Bay Area but in the peninsula meaning South of San Francisco the interesting thing about paloalto is that there's literally nothing to do there it's a place where you come to work if you're trying to do something really important it takes enormous dedication almost to the point of having no other priorities and that is much easier to do in a place
where there are no distractions than in a place like New York or Miami these are not the places I typically think of as aggregating Talent who will basically dedicate themselves at all costs to an idea startups are those they are these very ambitious ideas that can very quickly die if people don't breathe life into it and I think you're much more likely to do that when you have nothing else to do except to give your life to that idea
