A handful of places where bright, ambitious people go to start businesses because there's money in those places. That is way not true for whoever's going to make the next Google. "It does seduce cities and politicians into thinking that they can capture some of those folks through some public policy," he says.
Paul Graham, essayist, programmer and partner in the y-combinator talks with EconTalk host Russ Roberts about start-ups, innovation, and creativity. Graham draws on his experience as entrepreneur and investor to discuss the current state of the start-up world and how that world has changed due to improved technology that makes it easier to start a software company. Graham talks about his unusual venture firm, the y-combinator, and how he and his partners work with start-ups to get them ready for more advanced funding. Along the way, Graham discusses why hackers are like painters and how to survive high school.