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Maybe they're doing it but keeping quiet about it, but I'm kind of surprised VC type people aren't funding the YIMBYs in a massive way. Think of how many milli
by davidw 9y ago
Maybe they're doing it but keeping quiet about it, but I'm kind of surprised VC type people aren't funding the YIMBYs in a massive way. Think of how many millions of their investment dollars simply go towards paying exorbitant rents in SF and elsewhere in the bay area.
- prostoalex 9y agoThat implies a VC deploying capital in a place with cheap rents will harvest higher ROI. But the biggest exits so far (WhatsApp, Snap) don’t reflect that.
- davidw 9y agoThey could get more bang for their buck in the bay area (which they aren't likely to leave anytime soon) if housing prices weren't quite so crazy.
- prostoalex 9y agoThat can also be accomplished by using more productive frameworks and infrastructure services that allow a company to hire fewer people to begin with. But I think what you’re describing happens with larger companies - setups where engineers are in the Bay Area and support is some place else like Nashville or Austin are becoming more commonplace.