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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

#61

Post by taurath »

henrikschroder wrote: post #53
ergocoder wrote: post #12

Earlier quoted context omitted.

Also, the tax oddly targets Stripe and Square. People don't talk about this very much. But it seems extremely unfair that Stripe/Square pay way more tax than Saleforce in terms of ratio to their revenues. (I don't recall the numbers. Anyone?) Jack Dorsey tried to raise this point multiple times. But people just kept screaming that he didn't care about homeless :S

> But people just kept screaming that he didn't care about homeless JFC, it's not because of a lack of money that SF has a problem with homeless people, and it's not that more money would make the problem magically go away.

I’ll be honest though. I’m not sure new housing can actually work to lower prices, with all the incentives for real estate locked towards ever increasing prices. Maybe over decades, while losing the entire feel of the city?

Re: Stripe to move to South San Francisco

#62

Post by dmode »

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

Re: Stripe to move to South San Francisco

#63

Post by bdibs »

brunoTbear wrote: post #42

I'm surprised to not see any current Stripe employees in here commenting on the move. Usually you'd see one of The Brothers Collison in a HN Stripe thread. As a former Stripe (ex-Stripe?), I do buy the story of running out of room. That office is lovely, but they keep growing on a pretty steep curve, and the floors weren't as dense in there as you might imagine. Decidedly cool interior design tho!

It’s sort of late, I’m sure we’ll hear from them eventually.

Re: Stripe to move to South San Francisco

#64

Post by dmode »

benatkin wrote: post #28
forthwall wrote: post #19

Kilroy Oyster Point is a pretty inaccessible area from San Francisco, you would need to take a limited train via Caltrain that's around 40 minutes to get there. I'm pretty sure this is definitely a blowback from the gross receipts tax and nothing more, even for commuters from the Peninsula would still have to get to the really strange south SF station which is also only accessible via limited express...or commute int…

It's right on the freeway, and there's a ferry. I think it's probably about as good as where the AirBnb and GitHub offices are, which are half a mile from BART. I think a lot of their employees are going to be driving in at times that avoid rush hour.

Airbnb office is in SF proper and walkable to Caltrain and BART. South Sf is not remotely comparable.

Re: Stripe to move to South San Francisco

#65

Post by khuey »

paxys wrote: post #35
PopeDotNinja wrote: post #23

I can tell you recruiting for South San Francisco was way harder than recruiting for SF. If I lived in SF without a car, that'd be a deal breaker for me. They're going to start losing people, or see a huge spike in chronic working from home. I guess they have to move somewhere at some point, and no move is without trade-offs. Regarding the gross receipts tax, couldn't they just move their HQ-on-paper to any place tha…

I'd say that's an exaggeration. I know tons of people who commute from the city to south bay and vice versa. Plus South SF is pretty well connected by transit.

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.

Re: Stripe to move to South San Francisco

#66

Post by gibolt »

chondl wrote: post #47
asveikau wrote: post #30

Earlier quoted context omitted.

Hmm, the airport is technically part of the City and County, while distinctly being south of it.

Actually it is in San Mateo county. Wikipedia: "the airport is owned and operated by the City and County of San Francisco, despite it being located in San Mateo County."

Pretty sure that was covered by the 'technically' part

Re: Stripe to move to South San Francisco

#67

Post by Decade »

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-... (More about John Elberling: http://sfbamo.com/news/tenants-in-todco-property-allege-abus...)

San Francisco prevents office space from being abundant and cheap, and therefore the office jobs are being moved to counties with even worse jobs-housing balance, turning San Francisco into a bedroom community for (the richer individuals working in) the peninsula.

Re: Stripe to move to South San Francisco

#68

Post by paulie_a »

taurath wrote: post #61
henrikschroder wrote: post #53

Earlier quoted context omitted.

> But people just kept screaming that he didn't care about homeless JFC, it's not because of a lack of money that SF has a problem with homeless people, and it's not that more money would make the problem magically go away.

I’ll be honest though. I’m not sure new housing can actually work to lower prices, with all the incentives for real estate locked towards ever increasing prices. Maybe over decades, while losing the entire feel of the city?

They'll be plenty house as talented people continue to flee. Meanwhile juniors flock. If a CEO of a sizable Corp can't get by without a roommate something is wrong. I certainly wouldn't work there for less than a half plus million a year. Shit weather and fog I'd rather work in North Dakota.

Re: Stripe to move to South San Francisco

#69

Post by khuey »

et-al wrote: post #10
kevincrane wrote: post #6

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.

Agreed, but at the same time BART needs to run more trains to Millbrae for this reason.

BART is more than 4 miles from where Stripe is moving to.

Re: Stripe to move to South San Francisco

#70

Post by [deleted] »

dickeytk wrote: post #20
cjlars wrote: post #5

Articles misses that this is in response to SF's gross receipts tax. Payment processing is an ultra low margin business, no way they can compete while paying ~1% of revenues to the city.

What are you talking about? It specifically talks about it and even provides 2 quotes with contradicting points of view: “Alex Tourk, spokesman for sf.citi, a tech business group, said San Francisco needs to consider changes to its business taxes. The city is currently reviewing the tax system, which brings in a total of $1 billion annually. But those taxes could climb higher under the revised system. “Unfortunately,…

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