3 ms·
I know there is a class of people in SV unaffected by this directly, but eventually it MUST start to affect them in that they will be unable to get employees to
by sputknick 9y ago
I know there is a class of people in SV unaffected by this directly, but eventually it MUST start to affect them in that they will be unable to get employees to come to the area? I guess this is probably a self correcting problem with more people/companies going to Seattle, RTP, Austin, Boston and elsewhere.
- refurb 9y agoThat's been happening for a while. I was involved with recruiting for my employer and HR mentioned the COL in the Bay Area is a major barrier to hiring. People love the company, love the area, but just can't afford to move here. In fact, my employer just open a site in Portland, OR to address a major hiring need. The fact that the lower COL was a major deciding factor was clearly stated.
- sidlls 9y agoMy view on that is: good. Stay away. Go elsewhere. Whatever. That's less competition with the same demand for my skills here. I haven't found a single job in Seattle, Austin, Boston, or elsewhere willing to offer the salary I earn, benefits, and equity that isn't also with a company that has a presence in the Bay Area.
- sytelus 9y agoThe best way to cut success probability of your startup in to half is by basing it in SV. Startups don’t have truckload money to pay for COL in SV. They can’t attract talent other than big shots who are already multi-millionaires (and likely won’t code). People from other place would not move to join them because base salary won’t even pay for their rent (and stock options stays paper money for long time). It’s utterly foolish to base your startup in SV. Come here for hiring but keep your base out of SV, probably in Austin, Seattle, Florida or may be Southern CA.