If I plan to do a purely internet based startup, could I outsource myself to the cheapest place on Earth, and manage my startup from there?
This way, my cost of living would be minimal, while my income would essentially stay the same, because the internet is a global market.
The startup would do algorithmic trading over the internet based on artificial intelligence. As for the moment, I'm doing a PhD in this area that I'll soon finish. If I plan to recruit addition people, I'd most likely do that through the internet and have a remote work force. I would do all research and further education through the internet too, i.e. reading papers in Google Scholars or watching top uni lectures in AI and finance.
Basically, I'm on my laptop most of the time, about 95% of hours I'm awake. Does it really matter where I'm located?