This 36 yr. old east coast entreprenuer is taking his wife, three kids and life savings to silicon valley to build a great technology company!
All the core fundamentals of success hold true in this economic environment, if not more so. The only people that should "stay home" are those that seek the quick hit. If you want to truly build something great and long-lasting......I believe the American dream to be alive and well!!
I agree with PG and MA and many others that a startup, especially a good one, has a much better shot in a startup hub.
Both the SV infrastructure and mentality value those that build great technology. While it is true that there exist other pockets of this (NYC, Boston, Austin, etc).
SV is not a pocket, it's the entirety of the community and that has massive value.