Live data from Hacker News

The Decline of Investment in San Francisco Startups

tomtunguz.com

61–70 of 417 posts

Re: The Decline of Investment in San Francisco Startups

#61
What are the best alternatives to the Bay Area?

Off the top of my head I'm thinking Portland, Seattle, Boston, Austin and Chicago in no particular order.

The annoying part is that there's so much talent concentrated in the Bay Area that it makes going elsewhere very difficult, especially if you have specific senior talent in mind that have already established their lives there.

Hopefully telepresence tech gets so good that one day it won't matter.

Re: The Decline of Investment in San Francisco Startups

#62
post #46

Earlier quoted context omitted.

It's almost comical how overcrowded BART has gotten at rush hour. Embarcadero and Powell stations become standing room only. I live deep in the east bay, and the new apartment building going up across the street has 1 bedroom layouts starting at $2800. Something has to give, or people will simply give up.

People should give up. People should leave the area. They should move where they can find a job and a cost of living that's reasonable. The fact that people don't give up is why landlords can afford to charge $2,800/month for a 1 bedroom. You can't rent at $2,800/month if no one will sign the lease.

The simple fact is that there are a lot of people who need to live in the Bay Area. Wishing people would just leave is what the NIMBY organizations have been trying for decades. It doesn't work, and it inflicts undue hardship on everyone who wasn't one of the lucky ones who bought in early.

The only thing that does work is confronting the fact that a lot of people need to live here and encouraging housing supply to meet demand.

Re: The Decline of Investment in San Francisco Startups

#63
post #46

Earlier quoted context omitted.

People should give up. People should leave the area. They should move where they can find a job and a cost of living that's reasonable. The fact that people don't give up is why landlords can afford to charge $2,800/month for a 1 bedroom. You can't rent at $2,800/month if no one will sign the lease.

Move where exactly? So many people want to live there for a reason. If moving to another city saves you $1k a month on rent, but you lose $1.5k in income, it doesn't make any economic sense.

Seattle. Lose ~2-5 thousand a year in income on average as a Software engineer, save 1-2 thousand a month on rent, and no income tax: https://www.codementor.io/blog/best-cities-software-engineer...

Re: The Decline of Investment in San Francisco Startups

#64
For people looking for an escape from San Francisco: come join us in Seattle! https://www.codementor.io/blog/best-cities-software-engineer... it's great here. And we have been building several times the housing to keep up with demand: http://www.spur.org/news/2017-06-15/keep-building-oakland.

Re: The Decline of Investment in San Francisco Startups

#65
A few questions for HN:

1.) Do you think San Jose will ever become "a thing" for tech startups? Is there enough to do there? There is a WeWork and San Pedro Square in downtown San Jose. Or is a waterfront view what make San Francisco, Seattle and Portland what they are? Also, if you did want to live in San Jose there where are the up and coming places for HNers to live?

2.) Cupertino used to be cherry orchards and suburbs. Will Morgan Hill (strawberries) or Brentwood (cherries) ever become "a thing"?

3.) Is it bad if housing prices are high on the West and East Coasts? If housing was unconstrained in the Bay Area and at cost parity with the MidWest, wouldn't that remove any reason to live in the MidWest?

Re: The Decline of Investment in San Francisco Startups

#67
post #61

What are the best alternatives to the Bay Area? Off the top of my head I'm thinking Portland, Seattle, Boston, Austin and Chicago in no particular order. The annoying part is that there's so much talent concentrated in the Bay Area that it makes going elsewhere very difficult, especially if you have specific senior talent in mind that have already established their lives there. Hopefully telepresence tech gets so goo…

Depends on what viewpoint your coming from, but from that of a software developer there are many alternatives that have been much better than San Francisco for years, especially Seattle https://www.codementor.io/blog/best-cities-software-engineer..., which is also set up for future success as it keeps building http://www.spur.org/news/2017-06-15/keep-building-oakland. Honestly, I think what we are seeing, is a shift from technology companies, to technology simply being in everything, reducing the usage of such an odd concept as "Silicon Valley". For example: the biggest "Technology" company recently in Seattle is Amazon, a store first - that leverages technoloy. Even the recent things coming out of Silicon Valley have been similar (uber - taxi company that uses technology for efficient trip planning with customers, all the food delivery startups, etc). As we move more and more in this direction, where the startups are X (with technology!) it makes sense for the product to be developed where X is best instead of where technology is best.

Re: The Decline of Investment in San Francisco Startups

#68
post #65

A few questions for HN: 1.) Do you think San Jose will ever become "a thing" for tech startups? Is there enough to do there? There is a WeWork and San Pedro Square in downtown San Jose. Or is a waterfront view what make San Francisco, Seattle and Portland what they are? Also, if you did want to live in San Jose there where are the up and coming places for HNers to live? 2.) Cupertino used to be cherry orchards and su…

I grew up in SJ. I don't think it will ever be a 'thing' if you're young and want things to do in a vibrant city, even if it does have Pedro square, Santana Row, close access to Santa Cruz and SF, etc. That being said, if you're looking for a quiet place to live with your family then it's a great city. IBM Research has a couple campuses in between SJ and Morgan Hill - probably interesting places to work.

Re: The Decline of Investment in San Francisco Startups

#69
post #46

Earlier quoted context omitted.

It's almost comical how overcrowded BART has gotten at rush hour. Embarcadero and Powell stations become standing room only. I live deep in the east bay, and the new apartment building going up across the street has 1 bedroom layouts starting at $2800. Something has to give, or people will simply give up.

People should give up. People should leave the area. They should move where they can find a job and a cost of living that's reasonable. The fact that people don't give up is why landlords can afford to charge $2,800/month for a 1 bedroom. You can't rent at $2,800/month if no one will sign the lease.

As someone living in the Midwest and telecommuting to SFBA, that's almost unbelievable to me. I pay less than that for my brand new and quite nice 5/4 house on almost half an acre of land.

With all of the remote work available, why would you stay here? I manage a team with two remote-friendly job openings currently. You could work for me and go live in Telluride, CO for less than that East Bay 1br and still have money left over.

Post reply on HN