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Serious question, why do the major tech companies put up with this and not slowly migrate elsewhere? I get it's a bit of a chicken vs. the egg game when it come
by thearn4 9y ago
Serious question, why do the major tech companies put up with this and not slowly migrate elsewhere? I get it's a bit of a chicken vs. the egg game when it comes to where the work is & where the talent is, but the bay area seems like it's at such a critical mass.
- new299 9y agoBecause when they're doing well, the benefits (to them) out-way the costs. It was only really obvious to me what the benefits were after I visited Palo Alto. For Stanford spinouts, you can literally go visit 10 VCs within a 20min walk. If must make life so much easier. For larger companies, they still want to interact with VCs and aquire startups. They also want access to other forms of capital/banking services which are available in the area.