Mark Kingdon discusses why Miami is a good location for startups and entrepreneurs. He notes that Miami has great networked entrepreneurs, is a gateway market, and has available startup capital. Costs are also lower in Miami compared to other cities, with average office rents being 30-40% cheaper and entry-level developer salaries being 40-50% lower. Kingdon has found investing locally in Miami that there is an awesome and welcoming community, an early but vibrant ecosystem, other active investors, interesting deal flow and real companies, and digestible valuations.

1. Mark Kingdon
Quixotic Ventures
@Markis
Say:Media | Twitter | 140 Proof
Hem | UberMedia | NiftyThrifty
TheRealReal | OfferUp | Rally.org
Apptopia | #waywire | Snapwire
Parentify | Refinery29 | Granify
Homelight | SKTCHY | EveryPost
Bezar

2. Why Miami?!
Mark Kingdon @markis

3. Mark Kingdon @markis
It’s (at least)
2x Better

4. Mark Kingdon @markis

5. Mark Kingdon
Great, Networked Entrepreneurs
+
Gateway Market
+
Available Startup Capital
+
Low Cost Base
@markis

6. Mark Kingdon @markis
Numbeo.com

7. Mark Kingdon
Average Office Rent
NYC -- $50-65/foot
Miami -- $30-$40/foot
@markis

8. Mark Kingdon
Entry-level Dev Salary
NYC -- $80K-100K+/year
Miami -- $45-65K/year
@markis

9. Mark Kingdon @markis
What I’ve found investing locally

10. Mark Kingdon @markis
Awesome, Welcoming Community
+
Early But Vibrant Ecosystem
+
Other Active Investors
+
Interesting Deal Flow, Real Companies
+
Digestible Valuations

11. Mark Kingdon
@markis
Thank You!