30% of the batch moving to the Bay Area is a pretty low rate.
It’s time to start considering a move to a better location. The Bay Area is no longer in style, and San Francisco is a dump, and somehow way too expensive.
It’s time to start considering a move to a better location. The Bay Area is no longer in style, and San Francisco is a dump, and somehow way too expensive.
2) COVID has demonstrated that you can make remote work and that a sizeable percentage of employees (especially in IT sector) will only accept a remote role. Many startups simply won't have offices or headquarters at all.
3) As was pointed out by Jason Calcanis last week a lot of the people who publicly told the world they were leaving SF for Texas, Florida etc have been quietly moving back. Despite all of SF's many problems there isn't anywhere else that can replicate the critical mass of talent and network that it provides.
The SFBA is a great place to live if you have money. And as long as business continues to revolve around people who have money, the Bay Area will remain a perfectly valid place to do business.
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I don't think its even about the "tech talent" for most start-up projects, as you can certainly source this remotely to an adequate level to meet the early needs of a startup.
As long as the whales are here, it will make sense to have a fishing boat.
https://www.bloomberg.com/news/articles/2021-03-10/wall-stre...
Texas making abortion illegal would discourage women from wanting to work there exacerbating the problem.