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Serial, Michigan-based entrepeneur Dug Song has some insightful comments.
I've wondered this myself a few times. If I were going to do a startup myself, I'd probably stay right here (near the northern tip of the state). For any topic/problem that will hold my interest, I know at least a couple other people nearby who'd likely be interested as well, and with my cost of living as it is now, I'd have a pretty long runway.