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Detroit largely relied on a single product: cars Bay area is much more diversified and due to startup mentality also much more adaptable to failure.
by 5ersi 10y ago
Detroit largely relied on a single product: cars
Bay area is much more diversified and due to startup mentality also much more adaptable to failure.
- gonvaled 10y agoSure: when the area is not paying top salaries anymore, or anyhow not offering a good life quality, those adaptable startup-ers will move somewhere else.
- ubernostrum 10y agoThe Bay area has ceased to function independently of the tech startup culture. When all the "get an underpaid person who lives three counties over to do this everyday task for you" apps go under, half the population will be immobilized and starve. But at least you'd be in good company; pg's already tweeted to the effect that cities which don't have Uber can't be startup hubs, so that would kill the startup culture of starting up startups to startup the startups by being startups for startups, or whatever the hell it is we allegedly do out here now.
- shostack 10y agoSource on the "half" figure? A significant amount of talent is at large established tech companies with billions in the bank. I'd love to see what % of workers in the Bay are actually at funded startups that would be adversely impacted if the economy took a bad turn because they lack a solid business model. My guess is the giants would hire up a bunch of them and life would go on.
- ubernostrum 10y agoSource on the "half" figure? You're right. Probably more like three-quarters.