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.
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
#52You can learn a lot, really fast, and with very long odds maybe get a nice reward in the Bay Area.
Or you can choose a slightly more boring path with a startup almost anywhere else with a normal 9-5 schedule, pretty good pay, and a low cost of living.
Quality of life is likely better in most other cities as well, the only downside being concentrated tech talent in Bay Area.
Unless you're working at one of the mega companies, how much of a benefit is it really for developers to live there?
Re: Sam Altman: Bay Area is no longer the obvious place for startups
#53I 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
Re: Sam Altman: Bay Area is no longer the obvious place for startups
#54I 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…
Re: Sam Altman: Bay Area is no longer the obvious place for startups
#55I wish he shared more reasoning in why he decided in 2017 being the pivotal year. I mostly agree with 2017 being a bad year for the bay area startup as that was the period where a lot of the top startups like airbnb, uber, and theranos were getting significant negative outlooks, and probably some others that I have forgotten about.
One of them is not like the other
Re: Sam Altman: Bay Area is no longer the obvious place for startups
#56One of the biggest reasons so many startups moved (or started) in the Bay Area was because VCs didn't bother traveling and funded mostly local companies. Has that changed?
Re: Sam Altman: Bay Area is no longer the obvious place for startups
#57Earlier quoted context omitted.
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.
Just sitting in the same area with some other remote workers that I had nothing in common with would probably just be weird.
Re: Sam Altman: Bay Area is no longer the obvious place for startups
#58Earlier 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
I wonder why Boston hasn't risen further, with Harvard and MIT both at their doorstep along with a lot of other really great universities and good companies.
Re: Sam Altman: Bay Area is no longer the obvious place for startups
#59I 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…
Where in Northern Virginia?
Re: Sam Altman: Bay Area is no longer the obvious place for startups
#60I 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.
What's the point of being a startup not looking at being a unicorn? I genuinely do not understand how somebody can cap off their ambitions like so.
Hustle and grind in moderation.