Oracle leaving for Texas reminded me of this person: https://news.ycombinator.com/item?id=18442941
People getting excited for Texas seems a bit silly! Real tech hub but... this is Oracle. C'mon.
People getting excited for Texas seems a bit silly! Real tech hub but... this is Oracle. C'mon.
It's hard to have a ramen startup when your garage costs a million dollars.
SF has been operating on the "Get Big Quick" financial injection model for a while now, so it probably won't stop those types of companies. But we shouldn't pretend that there's been a good environment for the idyllic startup in at least 20 years in the Bay Area.
Word.
Peter Thiel had something to say about this - basically, he said that so much of the VC money that a start up would raise would go to rent that it no longer makes sense to start a company in the Bay Area.
And those garages in Austin, Nashville, Charlotte, Railegh-Durham, and basically every where else are starting to look very attractive to savvy start up founders. Especially under the WFH circumstances bc of covid.
The resource metric that really counts is talent. That probably means there will be more of NorCal, BosWash, Texas, and Rust Belt all getting involved and contributing whenever there is a truly significant effort.