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Stripe to move to South San Francisco

sfchronicle.com

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Re: Stripe to move to South San Francisco

#391

Post by ryan_lane »

pc wrote: post #296

Stripe cofounder here. Quick comment to say that we're excited about the move. South San Francisco is a cooperative and open-minded city. In being an infrastructure company, we have to take a long-term view, and we think this can be a good for many years. And while the Bay is tricky from a commuting standpoint no matter what the location, the the presence of a marina right beside this site opens up a lot of interesti…

I live in inner richmond, and checked the difference in commute by public transportation, and it's sadly an hour longer. Even by car, during rush hour, it's likely over an hour from that area to your new location. Does stripe allow folks in San Francisco to work remotely?

Re: Stripe to move to South San Francisco

#392

Post by darawk »

yonran wrote: post #358
darawk wrote: post #107

Earlier quoted context omitted.

Lol, what? San Francisco taxes revenue of businesses that are there? I had to google it to check because I couldn't believe a city would actually do something that stupid. But it seems its real: https://sftreasurer.org/business/taxes-fees/gross-receipts-t... This is just....staggeringly stupid. It just penalizes low margin businesses, for no reason. How can anyone possibly think this is a good idea?

> Lol, what? San Francisco taxes revenue of businesses that are there?… This is just....staggeringly stupid. It just penalizes low margin businesses, for no reason. How can anyone possibly think this is a good idea? I don’t think anybody thinks that either the gross receipts tax (with different rates depending on industry) or the payroll tax (which included stock exercise in payroll) were good ideas. They are inferio…

Ah, that makes sense then. Thanks.

Re: Stripe to move to South San Francisco

#393

Post by smileysteve »

friedman23 wrote: post #232
dmode wrote: post #224

Earlier quoted context omitted.

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.

Atlanta compared to Miami, 500k can buy your 3 bedroom house and a boat on a lake.

Re: Stripe to move to South San Francisco

#394

Post by jeffFrom18F »

Decade wrote: post #67

What a completely unexpected consequence of the restrictions on office space, spearheaded by John Elberling of TODCO. /s He is now trying to make office space even more restricted, and his allies are working to reduce office space alternatively by raising the fees on office construction. https://www.sfchronicle.com/business/article/SF-Mayor-SoMa-n... https://www.bizjournals.com/sanfrancisco/news/2019/10/22/sf-... (Mo…

I hope Stripe and similar companies that are mostly SF-based plan on more expansion to San Jose. There is an article practically every day in the Mercury News about some new office or residential site that is coming soon.

Re: Stripe to move to South San Francisco

#395

Post by ryan_lane »

gamblor956 wrote: post #297
adventured wrote: post #110

Earlier quoted context omitted.

Your premise doesn't align with the facts . Poverty and homelessness are near all-time lows in the US right now, comparable to Canada. You wouldn't know that by looking at the streets of San Francisco (or Los Angeles for that matter). At a national level homelessness has declined dramatically since 2000. While San Francisco's problem has only kept getting worse. The US as a whole isn't seeing the homelessness problem…

Your missing the part where many states chose not to accept the housing funds, like Texas under Rick Perry, and instead just bought their homeless bus tickets to California. Texas still just buys their homeless bus tickets to California. When I ask homeless people in LA where they are from, Texas is the #1 response. The LA Times just ran an article this week about people who to come LA seeking stardom and are homeles…

Please do some actual research here. Busing occurs, but everywhere does it (including SF) and it doesn't largely affect homeless population level in cities (because everyone is doing it). The vast majority of the homeless population in SF is from SF.

What you're portraying is a myth.

Re: Stripe to move to South San Francisco

#396

Post by peripitea »

newfangle wrote: post #366
majormajor wrote: post #291

Earlier quoted context omitted.

The company wouldn't move if it still had to pay 500K. 500K in SF gets you a smaller place and plenty of discretionary income. Companies in other places can often give you a house, but not match the discretionary income.

Why not? Pay your engineers 500k in a medium cost of living city and you will have the best employee retention of any company once they get used to their quality of life.

You probably won't be able to hire nearly the same quality of engineers. At least not at the same scale.

Re: Stripe to move to South San Francisco

#397

Post by ryan_lane »

daseiner1 wrote: post #349
Keloo wrote: post #220

Earlier quoted context omitted.

I'm not from US and I'm not very informed about the homeless problem. But I wonder why homeless people don't move to another city. If I'd be in their situation (living in a city where I can not afford to rent a house and live a normal life) I'd go to another city where with a regular job I can afford a normal life and just build my life there. Sorry if it's a stupid question.

Oh, they do move to another city. They move from homelessness in their original town, to homelessness in San Francisco, often with transportation paid for by their origin city/state's government, because SF has extremely lax drug and vagrancy enforcement, a mild climate, and easy access.

As mentioned elsewhere, this is simply not true, and you can do some very quick research to learn that it's not true. The vast majority of homeless people in SF are from SF. Stop being part of the misinformation problem.

Re: Stripe to move to South San Francisco

#398

Post by inferiorhuman »

wbronitsky wrote: post #229
inferiorhuman wrote: post #123

Earlier quoted context omitted.

Do you ride Bart? How do you think most East Bay commuters are getting to San Francisco?

This isn't a very helpful argument. I live in Oakland and commute to San Francisco and rarely take Bart because there are many other options that don't involve me breathing directly from someone else's exhalation like we all are forced to on Bart. Personally, I take casual carpool, https://sfcasualcarpool.com/ , to work and a transbay bus home. Total cost is $6.50/day, which is cheaper than commuting by Bart, and bec…

Yeah I couldn't give you stats on how many people do that commute via car, but bus vs BART is a no brainer. A 10-car BART train can hold about 1,000 people. Bus service can't scale like that (especially not on shared right of ways) which would definitely put you in the minority.

South city may as well be the middle of nowhere transit-wise but the difference between taking BART to Market St vs SSF isn't all that big.

Re: Stripe to move to South San Francisco

#399

Post by loco5niner »

kerkeslager wrote: post #227
alexhutcheson wrote: post #200

Earlier quoted context omitted.

Moving offices is really disruptive to people's lives, and causes a huge amount of turnover in your workforce. A brief excerpt from Peopleware[1]: "The typical person being moved today is part of a two-career family. The other half of that equation is probably not being moved, so the corporate move comes down hard on the couple’s relationship at a very delicate point. It brings intolerable stress to bear on the accom…

That's all true, but assumes a quick move. A move strategy could be as simple as, opening up an office in a cheaper location: 1. New teams are created at the new location. 2. New hires on existing teams are placed at the new location, with exceptions if teams have a strong need to be in the same place. 3. Make it clear that you'll help people relocate to the new office if they choose to--some people will take you up…

> That's all true, but assumes a quick move.

Or a required move.

Re: Stripe to move to South San Francisco

#400

Post by ergocoder »

NetToolKit wrote: post #295
ergocoder wrote: post #217

Earlier quoted context omitted.

It's unfair because Square pays more tax than Saleforce. Not because they have to pay tax. It would be great next time if you can mention the whole reason around. unfairness. Here's the tweet: https://twitter.com/jack/status/1053312151136362496 Do you think that's fair?

I haven't researched this issue much, but I think it's fair to expect that the CEO of Square could have anticipated this becoming an issue if Square succeeded. abalone's comment that "they've changed their tune. ... and they still shouldn't pay taxes" could simply be hyperbolic, depending on how charitable people are in their interpretation (e.g. "shouldn't pay [the full amount of] taxes"). I think the main thrust of…

I don't really see any problem with how Jack behaved.

Jack wanted companies to pay more tax to the city. He helped lobby it.

But this part where Saleforce pays less tax than Square is absurd. So, he's against it.

I don't really see any problem with this line of thinking.

To give the exact number, Square pays 20m, and Saleforce pays 10m. But Saleforce is 2-10x bigger than Square. No matter how you cut it. It's not fair.

I want people to pay more income tax as well (to fund other initiatives). But would I want to pay tax MORE than anybody else? Probably not. Does that make me a hypocrite? Hell no.

It just feels like people are being obtuse at this point :S

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