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Stripe to move to South San Francisco

sfchronicle.com

231–240 of 441 posts

Re: Stripe to move to South San Francisco

#231

Earlier quoted context omitted.

I mean, it eliminates the entire East Bay from its pool of possible employees, so that sucks for anyone who lives out there. That’s a pretty big deal for their quality of life.

I commute by public transit from Oakland to Mountain View every day, so claiming elimination is a bit extreme.

Sorry, but that's a brutal commute, and I spent 5+ years commuting from Mountain View to SF...by car.

Re: Stripe to move to South San Francisco

#232
post #224

Earlier quoted context omitted.

> Albuquerque, NM This is not the only other option. Imagine telling an engineer, hey I'll pay you $500k a year in Atlanta, Miami, Philadelphia, Chicago, or Boston? Rent is immediately cut in half and some states have no income taxes. Their disposable income essentially triples.

If you are still lying $500k, what’s the point of that move ? Also, network effect doesn’t change. I will never move out of SV/SF as I know I can walk down the street and get another $500k job

> If you are still lying $500k, what’s the point of that move ?

I think you mistyped here. The point of the move is that $500k in San Francisco vs $500k in any other city in the US (except New York) result in substantially different qualities of life. $500k a year income in Miami can get you a mortgage on a 3 bedroom house and a boat.

In SF, you get a mortgage on a 1 bedroom apartment.

Re: Stripe to move to South San Francisco

#233
post #195

Earlier quoted context omitted.

Except its going to be 84 and sunny today. Summers are brutal but the rest of the year is pretty nice.

I grew up in the South, and worked in the Bay Area for 9 years, 7 in SF. Summers is SF are most assuredly not brutal. Most of the microclimates in the Bay Area are disgustingly peaceful, but as the parent notes, there is a distinct lack of seasons (there's approximately two: dry summers, wet "winters") and real weather (I greatly missed thunderstorms when I was there).

Brutal is a bit overstated, but it can be very chilly (especially in the foggy areas) compared to what people expect of summer. You often need to wear or carry along warm clothing even in July.

A lot of sweaters get sold at Fisherman's Wharf during summer months to people caught unaware.

Re: Stripe to move to South San Francisco

#234
post #215
post #170

Earlier quoted context omitted.

Maybe but I think people will figure out the talent deserts have more oases than people think. There are more options for talent than just SV. Remember much of the US talent in SV come from other parts of the country. Many would stay local if given the opp to stay local. So instead of drawing talent to SV, SV could seek the talent in those markets (where talent is growing).

It is not about an oasis, it is about top of the funnel. To hire 1 eng, you have to interview 5-10, and have to phone screen 20-30, and have have hacker rank tested 100-200. Now scale that to a 1000 person eng team

Thing is that top of the funnel is not composed of majority local people. Many are people who relocated and many are people who are not local now but if hired the company would move them. If they can move them to SF they can also move them to another major tech oriented city.

Re: Stripe to move to South San Francisco

#235
post #62

As someone who has worked in South SF for years, it is pretty bad for employees. It is a cultural wasteland with few restaurants or interesting things to do. Transit is also poor as both BART and Caltrain are in awkward locations. And the fog is worse. This will be like Uber’s move to Oakland, which got rolled back pretty quickly

North of the GG Bridge has great restaurants and plenty to do. More tech companies should move up there, I don't understand why they usually go south of SF. Also, real estate can be found that are still within a range middle class can afford.

Marin is inaccessible for people who live in South Bay. They will lose out on a lot of senior talent

Re: Stripe to move to South San Francisco

#236
post #163

Earlier quoted context omitted.

> bay area by moving to a lower cost of living area where mid-level employees can afford to buy an actual house relatively close to work? Stripe is not hiring "mid-level" employees. Or at the very least that is not the type of people they are compensating to run critical roles. Good luck telling a Senior Staff Engineer who makes $500k (plus probably a couple of million in RSUs) that they have to move to Albuquerque,…

> Albuquerque, NM This is not the only other option. Imagine telling an engineer, hey I'll pay you $500k a year in Atlanta, Miami, Philadelphia, Chicago, or Boston? Rent is immediately cut in half and some states have no income taxes. Their disposable income essentially triples.

I wouldn't take it; I'd quit and go work somewhere else in the Bay Area. I have enough roots here in California that do a lot more for my quality of life than an extra two bedrooms in my house would. (And a boat? What a maintenance nightmare that would be! If I owned one, I'd pay someone to get rid of it.)

Re: Stripe to move to South San Francisco

#237
post #65

Earlier quoted context omitted.

I've never heard anyone in SF say that South San Francisco is well connected by transit before. BART takes a rather circuitous route to get to the city's western edge and most Caltrain service skips its (rather sad) station.

Is that the station where you might exit onto the tracks of an oncoming (but waiting) train?

It is. They have a holdout rule though, trains only pull into the station and open their doors when the track is clear for obvious reasons.

Re: Stripe to move to South San Francisco

#238
post #195

Earlier quoted context omitted.

Except its going to be 84 and sunny today. Summers are brutal but the rest of the year is pretty nice.

> Summers are brutal Summers in the bay area are not even remotely brutal.

Maybe brutal in the sense of cold and foggy when people expect it to be sunny and warm.

Re: Stripe to move to South San Francisco

#239
post #233

Earlier quoted context omitted.

I grew up in the South, and worked in the Bay Area for 9 years, 7 in SF. Summers is SF are most assuredly not brutal. Most of the microclimates in the Bay Area are disgustingly peaceful, but as the parent notes, there is a distinct lack of seasons (there's approximately two: dry summers, wet "winters") and real weather (I greatly missed thunderstorms when I was there).

Brutal is a bit overstated, but it can be very chilly (especially in the foggy areas) compared to what people expect of summer. You often need to wear or carry along warm clothing even in July. A lot of sweaters get sold at Fisherman's Wharf during summer months to people caught unaware.

Scorchingly hot summer is just a few hour drive away though

Re: Stripe to move to South San Francisco

#240
post #149

I am not in the bay area, in fact I've never even been to the West Coast. So I am going to ask what may seem like a stupid question to some of you. I mean this in as polite a way as possible, but why wouldn't established companies like Stripe just fuck off to another city entirely? It's a successful company with a great product - that I'm sure many people would like to work for. They could surely lure talent from the…

I remember when Stripe emailed me as a job candidate. At the time, I was sitting in the bar directly behind their office, and basically replied that they (one of the Collison brothers) could come right now and have a beer with me. (I was sitting in the Rose and Crown, and they were in the office behind the Wine Room on the same block.) * > why wouldn't established companies like Stripe just ... off to another city en…

>good jobs

This specifically. I think that for a lot of tech workers the valley is a great security blanket. They know if their current gig falls through there will be another one waiting just around the corner. No need to uproot and move. It's actually sort of strange on the surface. There are a lot of engineers in the valley who move around to various companies fairly frequently which looks on paper like they don't have a lot of stability, but in reality the sheer number of available jobs is providing that stability, even if their longevity of employment with any one company does not.

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