11–15 of 15 posts
What about companies that need to save money? SV is extremely expensive compared to other parts of the country and SV is not a good value for everyone (also i'm assuming this is your post from the name)
I admire your desire to solve problems, but you can’t just write off macroeconomic trends. Debt cycles are a real thing and they do happen. Deleveraging is a real phenomenon. All the money printing the fed did is unprecedented in history and has real effects. Who is going to stay in silicon valley when people are not throwing around funding? Not everybody has 250k to spend on a domain name. On top of these macroecono…
The over-printing of money by the Fed is a real problem and the bailout in 2008 I don't think was a good idea, but I'm not the best to comment on that particular subject. The point I'm attempting to make is if you are a person that wants to solve problems for people, general macroeconomic trends shouldn't hurt you to the point where you aren't working on that problem. The biggest value in Silicon Valley outside of ac…
I am sure the network of people in silicon valley is great. However, I think most people are just out there trying to get a nice 120k job and chill. When vc capital drys up, all of these people are going to leave. The fact remains - many people are up to their eyeballs in debt and they cannot afford to sit around potentially not having a real job. There may be holdouts like yourself who stick around and have money to pay the rent with - but all of the transient 120k people are going to leave.
The gist of what I am saying is that I think you overestimate the cash reserves of the average person. When the jobs leave, the people leave. Simple as that! It doesn't matter if they want to solve problems. They have bills to pay.
Earlier quoted context omitted.
The over-printing of money by the Fed is a real problem and the bailout in 2008 I don't think was a good idea, but I'm not the best to comment on that particular subject. The point I'm attempting to make is if you are a person that wants to solve problems for people, general macroeconomic trends shouldn't hurt you to the point where you aren't working on that problem. The biggest value in Silicon Valley outside of ac…
I am also of the school of economic thought that there are always opportunities in the market. I think it is a compelling argument that there may be even more opportunities in a "down" market. I am sure the network of people in silicon valley is great. However, I think most people are just out there trying to get a nice 120k job and chill. When vc capital drys up, all of these people are going to leave. The fact rema…
You are right though that sometimes economics dictates the situation and people have to leave due to not being frugal enough during the good times. You should always be prepared for a rainy day.
If one entrepreneur or early stage employee reads the article who is on the fence and it convinces them to stick it out, then it was an article worth writing.
PS This reminds me a bit of "Why I'm leaving China" articles that came out from a bunch of expats a few years ago :)