Sam Altman: Bay Area is no longer the obvious place for startups

Post by rapsey » Sat, Feb 23, 2019, 5:14 AM UTC

axaxs wrote: post #27

I see that myself. And I mean this as absolutely no offense to anyone in the area. I've met incredibly intelligent people there, among the best. Though, I believe the very best are distributed throughout the world, and command the ability not to move. All that said, first, well, the silicon part is all but gone. I find the signal to noise ratio pretty low. For every 10x developer, there are 50 people who did a bootca…

Post by [deleted] » Sat, Feb 23, 2019, 5:15 AM UTC

temp1928384 wrote: post #29

I suspect the VC industry itself will be disrupted at some point (the irony of the VC industry is that the biz model has remained basically the same for 50 years when everything else has changed). It will become incrementally easier to raise money from non-traditional sources at better terms as "accredited investor" laws are relaxed e.g. through a Security Token Offering.

Post by QML » Sat, Feb 23, 2019, 5:16 AM UTC

minikites wrote: post #12

I just spent the week in San Jose and I marveled at the ocean of vacant office space. I find it hard to believe that Sam is only now coming to this conclusion.

Post by pm90 » Sat, Feb 23, 2019, 5:16 AM UTC

eanzenberg wrote: post #32

temp1928384 wrote: post #4

And 50% of people living in SF want to leave https://sf.curbed.com/2019/2/20/18233498/poll-2019-leaving-s...

Then why dont they? Or are there 2 people willing to take the place of every person leaving?

Post by tspike » Sat, Feb 23, 2019, 5:19 AM UTC

dbish wrote: post #28

jameslk wrote: post #10

I see a bright future for products and services focused on remote team management

I agree, but quite a few people get lonely working remotely and not having a proper office to go into, and software won't solve that (at least not until VR presence or something of the sort is really good). I've managed great engineers who have complained about this and I haven't seen a good solution.