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Totally agree. From my experience, operating out of the bay area means you pay more for rent, employee salaries, and employee retention (higher turnover). All
by smallgovt 8y ago
Totally agree. From my experience, operating out of the bay area means you pay more for rent, employee salaries, and employee retention (higher turnover). All up, it costs somewhere around ~$50K/year more per employee.
If you run a modest team of 10, you're paying an additional $500K/year to be in the bay area. That's huge for a large fraction of startups.
- icelancer 8y ago> All up, it costs somewhere around ~$50K/year more per employee. I'd guess this is significantly under-representing the additional cost compared to most cities in America (exceptions might be NYC, LA, and Seattle). I bet it's quite a bit more than that for someone from, say, Portland.