3 ms·
>I wonder what happened to the concept of the garage startup that Silicon Valley's foundation is famous for? Killed by housing costs and a mature industry. Wh
by rhizome 7y ago
>I wonder what happened to the concept of the garage startup that Silicon Valley's foundation is famous for?
Killed by housing costs and a mature industry.
Who can rent most of a house right out of school (HP), or bang around in their childhood home (Apple) in SV? Not only are the costs prohibitive, but most residents are from somewhere else, so no childhood home in existence anyway. Moving to SV is done to parachute in to the success that previous generations had to create for themselves.
Oversimplifying a bit, but the point is that both the economics and the demographics have swung way far away from "scrappy young geniuses" to "Ivy League careerists." It's almost a different universe, and would be completely distinct by now had Starbucks not been invented.