Maybe you Californians can give me your opinion. Would it be possible to set up an incubator's Headquarters outside of Silicon Valley, in some cheaper area, and still get the benefits of the SV culture, by commuting periodically (much like the boaters would do)?
I see on Zillow [1] that the average home cost in San Jose metro is $552K, while it's only $130K in Modesto (90 miles away).
Or is there another cheap area a little closer? Pleasanton? Fremont? (any other suggestions?) Maybe the incubator could get a bunk room apartment in SV for overnights or when there's an early meeting or a late-evening event.
Would that make any sense? Or do they just need to bite the bullet and move to Santa Clara or Sunnyvale, and pay outrageous prices for housing?
And if it wouldn't make sense, what does that say about this floating incubator idea?