San Francisco Bubble
blog.larrold.com
San Francisco Bubble
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Re: San Francisco Bubble
#2It's a gold rush. Nothing new. Fun to watch once you have the context to understand what is happening.
Re: San Francisco Bubble
#3Money has been close to free for years. As the interest rate ticks up everything will change. It's already starting to. More expensive borrowing, less leverage, and better places to put dollars than venture.
The one thing I really agree with though is the funny thing that happens here with the word "engineer". If you can make a website you somehow qualify for the title software engineer. By Bay Area standards, I myself am director level engineering talent—and I get offers for such all the time—and yet I don't even remotely consider myself an engineer. Because I can make a website? Because I know a little python, ruby and node? Come on. I've never written anything that lives in a real production environment and you want to hire me as your director of engineering? Are you mad?
Re: San Francisco Bubble
#4It's a gold rush. Nothing new. Fun to watch once you have the context to understand what is happening.
Except in a gold rush everyone is trying to get a piece of a real, actual resource.
What are folks flocking to? A unique combination of deep VC pockets and gullibility that can only be found in the SF geological record?
No, this looks more like a regular ol bubble to me... The flywheel is spinning up, driven by run of the mill irrational exuberance and a belief that everyone in the bay area is just smarter than everyone else. Anyone on wall street in 2007 should find that eerily familiar...
Re: San Francisco Bubble
#5It's a gold rush. Nothing new. Fun to watch once you have the context to understand what is happening.
> It's a gold rush
Which means it is best to sell the shovels so startup X can more easily/faster "disrupt the banana hammock ordering process"
Re: San Francisco Bubble
#6"There are thousands of dumb startups" This.
Most of the blame is cast on the big companies (Twitter, Facebook etc) but the reality is that there are hundreds of smaller companies choosing SF and the valley in general.
And again I say, until companies allow people to work from wherever this will be fueled more.
Finding talent is getting ever more difficult already, if you expand your search area to the entire country/world there's a better chance you'd find people no?
Re: San Francisco Bubble
#7tldr: Guy comes to SF, figures it all out in a weekend, sees things that I've never seen living here like 'dozens of co-working facilities in 10 blocks'. Here's my take: The concentration of wealth here still pales to NYC area, Google, Apple, Facebook alone are giant money funnels from the whole world into this area, and there are more funnels being built every day. Not saying it will or should go up in a straight line, but personally I'd bet on the trend.
Re: San Francisco Bubble
#8"There are thousands of dumb startups" This. Most of the blame is cast on the big companies (Twitter, Facebook etc) but the reality is that there are hundreds of smaller companies choosing SF and the valley in general. And again I say, until companies allow people to work from wherever this will be fueled more. Finding talent is getting ever more difficult already, if you expand your search area to the entire country…
They don't need talent. They need mindless drones to work from 10am to 9pm in cramped co-working spaces. There is nothing interesting or challenging about the "problems" these startups are "solving".
Re: San Francisco Bubble
#9Perspective is key. Where is this guy finding $15 IPAs? $16 tiny artisanal salads? Sure they're out there, but in my opinion it's just as easy to find reasonably priced restaurants/bars.
Re: San Francisco Bubble
#10> A company to “disrupt the banana hammock ordering process” cannot possibly do well yet someone invested money into it and it is paying employees.
Is this actually a real company and if so can someone post a link?