Is there a good network of startups and mentors near you to get support from? I live in Chicago, and I'd probably ask myself that same question before deciding to leave Mountain View. There's a lot of things you can do remotely, but support is one that I just can't do. Not sure about you or others. Regardless, if I got accepted to YC, I'd consider this a good problem to have.
I just spammed Ian Hogarth from SongKick on Twitter, asking him to weigh in. I'm curious to hear his thoughts on it.