They could literally halve their prices or double their pay if they moved to Jacksonville or similar. And their employees would get daily sunshine and own a house, instead of inhaling 100 year old dust in the subway everyday, commuting from their tiny 1BR apartment. It boggles the mind.
SparkFun is in Colorado, which isn't a low tax state but their cost of living is still lower. So all else equals, they are going to earn maybe 5-10% more profit on the sale of a commodity item like a Teensy. You have better products than they do, all else equals you could earn 25%+ more than them, by simply moving to greener pastures, whether that be NC, TN, NV, or FL.
Yeah, but then they’d be in NC, TN, NV, or FL which, frankly, sounds absolutely miserable. They made the right choice by being in NYC.
Adafruit seems to be doing very well where they are. Why would they want to suffer in such junk states like those with worthless governments when they could continue to be where they are and are happy? They’d also be scraping the bottom of the barrel in those places for talent for the necessary in-person positions. The stars up mentioned sure are cheaper, and they still cost more than they are worth.