Why I’m Moving My Business From Seattle to San Antonio

I love Seattle. I moved here from Texas about 1 year ago to join Disney as a Senior IxD as well as immerse myself in the startup world that’s booming in the PNW (Pacific Northwest). It’s a beautiful city filled with interesting people, scenic & gorgeous outdoors, and amazing things to do. It’s the city I grew up lusting over and when I moved here I wasn’t disappointed.

If you’re doing a startup and planning on raising money there’s probably no better place in the world to do it here. However….

If you’re trying to bootstrap, being based in Seattle or SF is awful.

It’s no secret that rent in Seattle is starting to get a little crazy. Maybe even become the next San Fransisco. After living here for a while you start to lose context. Let me give you some.

The average price of a 1 bedroom apartment in Seattle is now $2,000 a month. This is for a pretty standard, unexciting, ~700 SQFT space. That’s $24,000 per year. The average yearly income in 2012 was $44,321. If I continue to live here for 4 more years. 5 * $24,000 = $120,000. That can buy you a 3 bedroom/2 bath/ 1 acre lot home in San Antonio.

Enter San Antonio.

The average rental price for a 1 bedroom apartment in San Antonio is $730. 3.8x cheaper than Seattle. Moving to San Antonio is going to almost triple my company’s runway. You can buy a really nice home in San Antonio for less than renting in Seattle for 5 years.

Cheap cities are startup friendly

The leading cause of startup death is running out of money. Moving to a cheap city and doubling (or more!) your company’s runway will more than likely vastly increase your chances of eventual success.

There’s a tech scene here!

Sure, it’s not quite on the same level as Seattle or San Francisco but it’s something.

  • There’s this thing called Geekdom which aims to attract entrepreneurs by giving them $25,000 in equity free funding.
  • Because San Antonio is so big and the infrastructure is so demanding it’s a no brainer to see the rapid room for growth both as a tech entrepreneur and a business owner.
  • For perspective, there are over 75 startups in my building alone here in Seattle. ಠ_ಠ

Something to think about

I control a company living solely on the internet. I don’t need to be tied to a specific location. Hiring remote and having a distributed work force is far cheaper than hiring locally and making everyone come into an office.

If you’re based in Seattle (or any other big, expensive city) and thinking of bootstrapping a company there are other options. I invite you to seriously consider San Antonio. You’re even welcome to come and work out of our ($250 per month) office for a few days and I’ll show you around.

 


 

You’re not giving up living in a cool city

San Antonio isn’t just ridiculously affordable, there’s also a lot to keep you entertained. Also plenty to keep you full to your stomach.

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San Antonio Breakfast Tacos

Big money is going into the city all the time. In only the past few years, billions of dollars have gone into renewing some of the city’s most recognizable institutions. The Pearl Brewery, the Majestic Theatre, the Witte Museum, even the Alamo itself have all gotten updates and restorations in the past couple of years alone.

The Majestic Theatre
The Majestic Theatre
The Pearl - or as I call it Hipster Town
The Pearl – or as I call it Hipster Town

San Antonio has a great culinary scene. After a flourishing line of taquerias a few of the cities smaller taco places were bought out, food trucks caught on, and then coffee roasters started a scene (including one of the best coffees I’ve ever had; sorry Seattle, Local Coffee!).

Amazing Local Coffee
Amazing Local Coffee. Follow them @localcoffeSA
San Antonio's Culinaria
San Antonio’s Culinaria

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