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I think what it boils down to is that startup ecosystems outside of SF now have the upper edge when it comes to hiring relative to Bay Area startups because you
by dawhizkid 8y ago
I think what it boils down to is that startup ecosystems outside of SF now have the upper edge when it comes to hiring relative to Bay Area startups because you aren't competing against large tech giants who can outpay what you can afford to pay by 2-3x. Sure, you are competing against satellite offices of FB/Google/etc but it's on a much smaller scale. The opportunity cost for an engineer to take a gamble on a small startup is therefore smaller, so companies can attract relatively better talent in these markets.
- mynegation 8y agoYou are also competing against all the banks and hedge funds
- dawhizkid 8y agoSure, though the supply of developer jobs at an elite HF/algo trading firm are much smaller so not really a meaningful factor IMO. I don't think the same people who would want to work at a GOOG/FB or startup are the same people who would be happy on the IT team at a bank. I know places like Cap 1 and Amex have growing digital teams though AFAIK their comp is not comparable to what you'd make at a large tech co, meaning the opportunity cost is not as high as Bay Area.
- user5994461 8y agoIt's not any smaller. There are as many developers working in top banks as there are working in the big 4. In London and NYC, there is a rather aggressive competition between web and finance and startups. Startups can't compete on anything and they get peanuts when it comes to employees. It's actually the same people working everywhere. A typical office building has 10 000 seats, there is a role for you where you will be happy.