It's a never ending debate: Which is a better place to launch a startup, Austin or Silicon Valley?
Now serial tech entrepreneur Tom Hadfield weighs in on the issue in an interview with CNBC.
His pick is Austin.
After spending a year in San Francisco, Hadfield moved here last year, drawn by lower taxes, a relatively low cost of living and a supportive tech community. Plus, he says, it's easier to recruit people to work here.
"In Silicon Valley, there's a subtle sense that everyone is a potential competitor," Hadfield, 33, tells CNBC. "In Austin, everyone wants to help each other succeed."
So Hadfield, originally from Brighton, England, is building his latest venture, Message.io, here.
"It's increasingly difficult for seed-stage funded start-ups to compete with tech giants like Google and Facebook for the best talent in Silicon Valley," Hadfield said. "The lack of affordable housing and the cost-of-living crisis in Silicon Valley makes it prohibitively expensive for anyone except the most affluent to own a home."
Which city do you think is best for a startup? Let us know in the comments section.
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