It's true, but you'll be competing with bubble-based companies for talent. Why do I want to work for a reasonable, growing small business with it's customers and profits when I can get twice as much money in San Francisco working at some venture funded startup? And if any of those startups are in your market space they will be offering your customers products and services at below market rate in an attempt to grow revenue without worrying about profits. Now they can't do that forever, but can they do it for long enough to wipe out bootstrapping companies?