11–20 of 393 posts
That being said, the number of startups in San Francisco is fine as long as there is corrective balance. At the least, startups which are failing will die faster due to rent alone.
It'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 every…
tldr: 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 li…
I have yet to hear a convincing argument why this is a bad thing.
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