David Rosenthal: belief

Transcript context

…To move the story along, he decides he's doing this. He decides, okay, I need to incorporate the company. He picks a few candidate cities that he could operate the business in because Manhattan is not a wonderful place to be running a bootstrapped startup at the time. By this point in time, I think he had finally figured out that shoot, I might actually have to take delivery of some of these books, and shipping them back out to customers in midtown Manhattan is not a great place for that. Right. He starts narrowing it down. There are three cities on the list. Seattle is obviously one of them as a candidate city in part because of its proximity to Roseburg, Oregon. I believe the second candidate city was Boulder. Anyway, they ended up deciding on Seattle. Of course, part of it is that proximity reason. The other part is related to the tax environment of Washington State. As folks know, there is no state income tax in Washington State much like in Florida or Texas.…

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