Ittycheria: In California, venture capital flows directly from LPs to landlords
Dev Ittycheria · 20VC: MongoDB CEO, Dev Ittycheria on Why Sometimes You Have To Be Inefficient To Be Effective, The 2 Different Types of Decisions and How Great Leaders Respond To Each & Why Value To Overhead Ratio Is The Metric To Use When Selecting Investors · Aug 10, 2020 · at 35:03
Dev Ittycheria, CEO of MongoDB, compares the advantages of operating a tech business in New York City versus California.
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“The cost structure in California has got to such a point that it's very hard to build a business because when you map the money flows, you can basically see the money flowing from LPs to landlords because you have to pay new grants so much more because their cost of living is so much higher in California.”
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