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Almost every big tech IPO of 2019 (Uber, Lyft, Pinterest, Slack, Postmates, Airbnb, Instacart) is headquartered in SF. It's undeniable that the center of silicon valley is slowly shifting north.
I am hearing that startups are moving out of SF because it is too expensive. Can anybody explain the strategy here? I realise that funding is mostly centralised in SF, but this still feels weird to me.
In a way, startups are leaving SF BECAUSE startups are coming to SF. That is, when there is a large influx of capital-rich startups, startups w/o capital (or who are capital sensitive) are forced out. Overall, there's a net in-flow of startups into SF, and so, the VC's follow.
I am hearing that startups are moving out of SF because it is too expensive. Can anybody explain the strategy here? I realise that funding is mostly centralised in SF, but this still feels weird to me.
There's increasing amounts of VC funding in Asia so SFBA is not as dominant as it used to be 20 years ago but SF is still by far the center of the universe as far as starting a startup goes, and there's no major trends that would suggest a decline in absolute terms.
Earlier quoted context omitted.
In a way, startups are leaving SF BECAUSE startups are coming to SF. That is, when there is a large influx of capital-rich startups, startups w/o capital (or who are capital sensitive) are forced out. Overall, there's a net in-flow of startups into SF, and so, the VC's follow.
Reminds me of the popular quote: "Nobody goes there anymore, it's too crowded."
Stated like this it becomes obvious we need to pay attention to the denominator.
Almost every big tech IPO of 2019 (Uber, Lyft, Pinterest, Slack, Postmates, Airbnb, Instacart) is headquartered in SF. It's undeniable that the center of silicon valley is slowly shifting north.
Have any of those companies gone public yet? While I believe there is a shift north, I also believe a lot of the newer companies won't exist in 5 years. I guess I feel SF is still a lot more ephemeral than its southern neighbors.
I am hearing that startups are moving out of SF because it is too expensive. Can anybody explain the strategy here? I realise that funding is mostly centralised in SF, but this still feels weird to me.
Much like the city is soo crowded these days that nobody goes there anymore. I mean it's true (because it is crowded people get pushed to the periphery) but it also implies that the city has reached capacity and that it is crowded all the times.
More like: startups with low funding are moving out of SF because it is too expensive.
Earlier quoted context omitted.
Have any of those companies gone public yet? While I believe there is a shift north, I also believe a lot of the newer companies won't exist in 5 years. I guess I feel SF is still a lot more ephemeral than its southern neighbors.
Twitter, Atlassian, Eventbrite, Okta & Dropbox, are all pubic & in SF. Facebook, Google, Microsoft (Github) have a sizeable SF presence.
Earlier quoted context omitted.
In a way, startups are leaving SF BECAUSE startups are coming to SF. That is, when there is a large influx of capital-rich startups, startups w/o capital (or who are capital sensitive) are forced out. Overall, there's a net in-flow of startups into SF, and so, the VC's follow.
Reminds me of the popular quote: "Nobody goes there anymore, it's too crowded."
Earlier quoted context omitted.
Twitter, Atlassian, Eventbrite, Okta & Dropbox, are all pubic & in SF. Facebook, Google, Microsoft (Github) have a sizeable SF presence.
Atlassian is based in Sydney, Australia.