Opendoor's gushing over Atlanta's tech community has one Atlanta booster saying that many Bay Area funds tell him they will not invest in California, New York or Massachusetts. The reasons: Deals in those markets are too pricey, tech talent is too expensive and it's hard to get in on the best deals.
One Atlanta booster courting Bay Area startups and their venture capitalists for decades is tech attorney John Yates, who says he’s already made two recruiting trips to the Bay Area this year.
“The reception during both visits was extraordinary,” Yates told the San Francisco Business Times Friday. “Many of the Bay Area funds expressly mentioned that they will not invest in California, New York or Massachusetts. Instead, they’re focused on regions like the Southeast and cities like Atlanta."
June 22, 2018 edition of San Francisco Business Times.