No. The reason why Silicon Valley works is because of the intense greed that it provokes amongst everyone that comes here. Maybe "greed" is too strong of a word, because people aren't necessarily selfish, maybe "money-focused" is probably more accurate. And because anyone can come here and become a millionaire/billionaire, it draws in an immense number of hard-working people which just generally increase the level of…
All this is part of the reason why I've strongly been thinking of going back to school to become a doctor. What follows is mostly a rant, just to be upfront about it. It's a really radical transition, but I really, really dislike the city-centric focus of software engineering. I hate the idea of being a contractor (I just want stable, life-long work), and I can't tell you how tired I am of crippling traffic causing m…
Why Silicon Valley Works
121–130 of 252 posts
Re: Why Silicon Valley Works
#122Earlier quoted context omitted.
Housing cost is the #1 reason I moved away, and the #1 reason I stay away. I lived in Mountain View 2007 to mid-2008 for my job at Google. We were renting a house close to campus at the time and contemplated what it would cost to put down roots and stay -- most likely buying a condo or house. Every time we ran the numbers, it made no sense, so we voted with our feet and moved back to Chicago. I would love to live in…
While the cost of living here is brutal, it seems a lot of people are stuck here due to the supply of tech jobs. It would be a lot more risky to live somewhere that does not have such a supply. As someone with a solid software background, if I were to wake up tomorrow and find myself without a job, I'm reasonably sure that after at most a few months of searching I could line at least something up. If that happened in…
And the same is true for virtually everyone here currently playing the software game.
Many very good job markets exist in the US.
Re: Why Silicon Valley Works
#123No. The reason why Silicon Valley works is because of the intense greed that it provokes amongst everyone that comes here. Maybe "greed" is too strong of a word, because people aren't necessarily selfish, maybe "money-focused" is probably more accurate. And because anyone can come here and become a millionaire/billionaire, it draws in an immense number of hard-working people which just generally increase the level of…
Having lived in NYC too, the greed there trumps the greed in Silicon Valley. The greed in NYC is money for it's own sake. The greed in Silicon Valley at least has the pretense of creating good products. The greed in Silicon Valley requires creation of value in addition to capturing it. NYC is all about capturing in. A $4,000/month apartment in Silicon Valley gets you a good school. A $5,000/month apartment in NYC get…
- Plenty of 4k/month San Francisco apartments get you into terrible public schools.
- Inverting your point, at least people in NYC / finance are generally honest and upfront about their desire to make lots of money for its own sake; many in the SF area go around preaching nonstop about how their only motivation is to reshape society with their paradigm-shifting value-adding "wearable social network for dogs app" that will end all hunger and global poverty, and pick up your drycleaning, too.
After the wildly successful IPO, they still rehash this line; only now it's from the deck of their custom yacht moored on a private dock by their much nicer house.
Re: Why Silicon Valley Works
#124Re: Why Silicon Valley Works
#125Earlier quoted context omitted.
On the living part: My folks live in Concord and their next door neighbor just moved into assisted living at 95. Her house sold within a week for 700k to a young couple. It's a 3 bed 1 bath single story in Concord with drainage problems, mind you. Lets do the math here shall we: What is the mortgage and taxes(thanks prop13) on a place like? Well, at 4.05%, good credit, and 15% down, it's 2857.80/month just on the loa…
If it's so bad, why aren't people moving out of the valley?
Re: Why Silicon Valley Works
#126> "Silicon Valley works because there is such a high density of people working on start-ups and they are inclined to help each other"
Bull shit. With all due respect to Sam--who no doubt knows what he's doing and saying and has become very successful--he is undoubtedly living in a bubble of his own. While I've found people generally open to the idea of chatting over a coffee, I've run across very few people that go out of their way to help. In fact, I more often find people who will either offer to help, and don't, or are so self-absorbed that they can't stop talking about how great/impressive they or their startup is without bothering to ask about you or what you're doing. I've even asked for a meeting with and gotten the following response: "I'm very busy. Let me know how you think you can help me and I'll think about it."
I've been trying to tell myself that it's just my luck: That it's not socio-economic or pedigree based (race or school) or that some people here don't have basic people skills and don't know how to carry on a conversation. That maybe it's just the luck of the draw that I run into more people that I'd classify as "ass holes" than not, but I'm coming--very late--to a sad reality: it is about socio-economic status--even more than that, it is about pedigree (yes, both race and the school you went to). It is about manners--most people don't have them. AND, it's about gender as well! I'm not a woman, but I'm willing to bet that if I was a woman, things would be a shit ton harder for me than they already are. I'm not a 20-something white male that went to Stanford and it's impossible for me to imagine how hard things would be if I had a vagina [0].
These are things we don't want to talk about. Thank god a conversation about gender is taking place, but there's another conversation about elitism and race that hasn't even started yet.
> "One of the biggest misconceptions about us is that you need to have pre-existing connections to get value from the network."
Complete and utter bull. Maybe in Sam's world, sure! White? 20-something? No-kids? Harvard/Stanford? B2C? Let’s chat!
Early-40's/Late-30's? Not-white? Married w/ kids? Not-Harvard/Stanford? B2B? Nope. (Don't bother to apply to YC either).
The reason Silicon Valley works is because there's a new-boys network that helps out those that check most of the right boxes. But here’s the good news: There are other networks. Networks of people in their 40’s. Networks of people that are from a specific ethnic group. Networks of people that went to the same (non-Harvard/Stanford) business school as you that are willing to help out. Are most of these networks as big and powerful as the circles Sam roles in? Absolutely not. But are they out there? Yes. One of the marvels of Silicon Valley is that because there are so many people out here, there’s a semi-decent chance you might find someone in one of these networks that will meet you for a coffee, offer to help, and try to make something happen for you. Is it likely? No, but possible, yes? And that—the possibility of something working out despite the odds—is what entrepreneurship is about. [0] - What It's Like Raising Money As A Woman In Silicon Valley (http://www.forbes.com/sites/jeffbercovici/2014/08/07/what-it...)
Re: Why Silicon Valley Works
#127Earlier quoted context omitted.
If it's so bad, why aren't people moving out of the valley?
I think they are. I've worked here in SF as a Rails consultant for the past four years. It's quite obvious that the work force skews younger. My best friend just became a CTO and his bosses are both 20. He's 41. :-0 When you look to start a family, the pressures of working in the valley are going to bubble to the surface. You can either endure a 60 minute drive (that should really only be 20 based on distance) to a c…
Re: Why Silicon Valley Works
#128No. The reason why Silicon Valley works is because of the intense greed that it provokes amongst everyone that comes here. Maybe "greed" is too strong of a word, because people aren't necessarily selfish, maybe "money-focused" is probably more accurate. And because anyone can come here and become a millionaire/billionaire, it draws in an immense number of hard-working people which just generally increase the level of…
On the living part: My folks live in Concord and their next door neighbor just moved into assisted living at 95. Her house sold within a week for 700k to a young couple. It's a 3 bed 1 bath single story in Concord with drainage problems, mind you. Lets do the math here shall we: What is the mortgage and taxes(thanks prop13) on a place like? Well, at 4.05%, good credit, and 15% down, it's 2857.80/month just on the loa…
Re: Why Silicon Valley Works
#129Earlier quoted context omitted.
You don't understand what it costs to live here. Keeping up with the Joneses means envy for new and shiny, not wanting a modest house, cars, kids, and retirement savings. And here, that means an income of $250k is tough to do -- one bedrooms in sf are $3500; condos in the peninsula sell for $700k+ and houses cost $1100/ft^2. $240k married filing jointly w/ 2 kids means $5900 hits your bank account twice a month. Esse…
To reinforce this point, here's a 2BD in the up-and-coming (e.g. highest crime-rate) Mission neighborhood priced at $1030/sf: https://www.openlistings.co/p/2558MISSIONST94110-2 Anecdotally, I know a gainfully employed senior engineer who was literally couch surfing with his wife and daughter for a month after losing their house. The excessive price of living caused by the housing shortage in the bay cannot be underst…
Re: Why Silicon Valley Works
#130Earlier quoted context omitted.
I agree. I am an ex-trader in his late 20s, and most of my peers who stayed in finance have at least a million dollars in savings+assets.
Is there a 'too late' to get into finance? I might have to change my focus. All this JavaScript and Objective-C can stay a hobby.