Sam Altman: Bay Area is no longer the obvious place for startups • Hacker News Board

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

#11

Post by xemdetia » Sat, Feb 23, 2019, 4:54 AM UTC

I 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.

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

#12

Post by minikites » Sat, Feb 23, 2019, 4:58 AM UTC

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.

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

#13

Post by ulfw » Sat, Feb 23, 2019, 4:58 AM UTC

One 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

#14

Post by everdev » Sat, Feb 23, 2019, 4:58 AM UTC

jameslk wrote: post #10

I see a bright future for products and services focused on remote team management

We're building a fully remote team at Flyreel (https://www.flyreel.co) for AI and computer vision.

It helps to have access to talent anywhere in the US.

So far investors have responded positively to our distributed setup.

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

#15

Post by newman8r » Sat, Feb 23, 2019, 5:00 AM UTC

I've been interested in the idea of semi-off-grid live/work communities for remote workers and startups. It's inexpensive and not a bad lifestyle.

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

#16

Post by branchless » Sat, Feb 23, 2019, 5:00 AM UTC

So long, and thanks for all the rent!

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

#17

Post by spullara » Sat, Feb 23, 2019, 5:01 AM UTC

jppope wrote: post #2

I wonder if Y/C will relocate? Y/C HQ2?

They just moved demo day.... To SF.

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

#18

Post by readhn » Sat, Feb 23, 2019, 5:01 AM UTC

ulfw wrote: post #13

One 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?

>VCs didn't bother traveling and funded mostly local companies. Has that changed?

VCs will travel for a great opportunity. If they cant recognize it then they are not good at their job :) (like a lot of VCs)

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

#19

Post by [deleted] » Sat, Feb 23, 2019, 5:02 AM UTC

[deleted]

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

#20

Post by YeahSureWhyNot » Sat, Feb 23, 2019, 5:03 AM UTC

jameslk wrote: post #10

I see a bright future for products and services focused on remote team management

I think so too. The gold standard of productivity communication - slack, doesn't have voice clips, whatsapp doesn't have searching in voice clips, etc. none of the messengers have screen sharing except for fb messenger. Would be nice to see something that isnt very expensive and had the needed features.