San Francisco Bubble • Hacker News Board

Re: San Francisco Bubble

#21

Post by chipsy » Fri, Jan 29, 2016, 5:08 PM UTC

zzalpha wrote: post #4

nugget wrote: post #2

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…

Gold isn't particularly real, as resources go. It doesn't have that many practical uses.

That's what makes gold rush economics similar to bubble economics: Everyone decides to chase after a nebulous source of value.

San Francisco has always been the Gold Rush City.

Re: San Francisco Bubble

#22

Post by lettergram » Fri, Jan 29, 2016, 5:09 PM UTC

YuriNiyazov wrote: post #16

"They can take an arbitrary sabbatical from work, they cannot be told no or reprimanded, and they make so much money that they can just take random breaks from employment to chill." I have yet to hear a convincing argument why this is a bad thing.

The guy sounds pretty bitter, to be honest.

Re: San Francisco Bubble

#23

Post by scholia » Fri, Jan 29, 2016, 5:09 PM UTC

leroy_masochist wrote: post #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?

I didn't even know that "banana hammocks" were a thing. Maybe whoever runs bananahammockworld.com reads HN....

http://www.bananahammockworld.com/banana-hammocks-for-men/

Re: San Francisco Bubble

#24

Post by philfrasty » Fri, Jan 29, 2016, 5:10 PM UTC

"Engineers are particularly spoiled. They can take an arbitrary sabbatical from work..." (on the about page) "...Currently a principal engineer at AppNexus on sabbatical..." ???

Re: San Francisco Bubble

#25

Post by halis » Fri, Jan 29, 2016, 5:10 PM UTC

You should rename this thread California Bubble...

Re: San Francisco Bubble

#26

Post by azerty1 » Fri, Jan 29, 2016, 5:10 PM UTC

interesting op is on a sabbatical himself

> Currently a principal engineer at AppNexus on sabbatical, I am trying to have a new post every day.

Re: San Francisco Bubble

#27

Post by skewart » Fri, Jan 29, 2016, 5:10 PM UTC

njudah wrote: post #17

Not withstanding everything else, I've lived in this town for years, and always found it easy to find a reasonably priced beer.

Yup. It's still shockingly easy to find good beer at a reasonable price in the SFBA. Same for food if you know where to go.

The only thing that's really hard to avoid spending way too much money on is housing.

Re: San Francisco Bubble

#28

Post by gramasaurous » Fri, Jan 29, 2016, 5:10 PM UTC

leroy_masochist wrote: post #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?

Could be talking about [0] meundies. Although that seems to be an LA company based on their hiring website.

[0] https://www.meundies.com/

Re: San Francisco Bubble

#29

Post by drawkbox » Fri, Jan 29, 2016, 5:10 PM UTC

avitzurel wrote: post #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…

I like SV and do wish it would spread around more. But it does seem like companies aren't considered a startup anymore unless you are paying some of the highest rents in the country in SF. Something doesn't compute, high rent is not the best decision for early stage companies except in SV, unless there is some other angle like maybe you own the building/real estate. Maybe in the end lots of VC is real-estate plays parallel to product development.

Re: San Francisco Bubble

#30

Post by scholia » Fri, Jan 29, 2016, 5:11 PM UTC

lettergram wrote: post #22

YuriNiyazov wrote: post #16

"They can take an arbitrary sabbatical from work, they cannot be told no or reprimanded, and they make so much money that they can just take random breaks from employment to chill." I have yet to hear a convincing argument why this is a bad thing.

The guy sounds pretty bitter, to be honest.

Bad news if his life is as grey as his type....