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

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

#41
post #35

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.

That’s weird: what disincentives offset the cheaper cost of commercial space?

Is it cheaper? Do landowners have any incentive to lower rent prices?

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

#42
post #38

Earlier quoted context omitted.

A coworking space stipend perhaps?

This works if your remote team members live close to each other. Which is possible for some teams but doesn’t apply universally

No no, I mean a coworking space just to get out and socialize with other knowledge workers. Doesn’t need to be geographically close to other coworkers.

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

#43

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?

The Bay Area is experiencing population growth due to birth and foreign immigration despite net domestic outmigration.

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

#45
I think it’s important for anyone getting to this page to read his whole thread, which is more nuanced than suggested by the sensational title. The point he seems to be making is that it’s better for startups that aren’t looking at being unicorns to look at other locations where they might have a better chance of success.

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

#47
post #31
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…

That is only one aspect and I think a minor one. What made silicon valley is access to capital, proximity to stanford and a feedback loop of successful entrepreneurs using their experience to create the next generation of successful entrepreneurs

All of which can (and have) been emulated in places like New York.

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

#48

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?

This comes up time and time again. Here are a few reasons (whether they're real or perceived) 1) H1B transfer difficulty 2) Family nearby 3) Friends 4) Immigrant friendly culture 5) Velvet handcuffs

I've strongly considered it myself.

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

#49
post #47
post #31

Earlier quoted context omitted.

That is only one aspect and I think a minor one. What made silicon valley is access to capital, proximity to stanford and a feedback loop of successful entrepreneurs using their experience to create the next generation of successful entrepreneurs

All of which can (and have) been emulated in places like New York.

Only to a degree

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

#50
post #45

I think it’s important for anyone getting to this page to read his whole thread, which is more nuanced than suggested by the sensational title. The point he seems to be making is that it’s better for startups that aren’t looking at being unicorns to look at other locations where they might have a better chance of success.

He sort of shows the bay area bias with the bit about how “$100M” startups will be created elsewhere. There have been some much larger startups outside of the Bay Area and I suspect that trend to continue. Unicorns aren’t just a bay area phenomenon anymore
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