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How many billion dollar start ups came out of the Austin ecosystem? SF is expensive because it is productive. It’s producing wealth so prices go up. If you want
by digitaltrees 6y ago
How many billion dollar start ups came out of the Austin ecosystem? SF is expensive because it is productive. It’s producing wealth so prices go up. If you want to raise money, recruit talent SF adds value which is paid for with hire expenses. I would rather own equity in a high growth start up than 3 rental houses; at least from a growth perspective.
- RhodesianHunter 6y ago> I would rather own equity in a high growth start up than 3 rental houses; at least from a growth perspective. But that isn't the choice, the choice is between three rental houses and a maybe 1 in 20 chance of owning equity in a high growth startup that may or may not IPO in the next 15 years.
- mypalmike 6y agoThe third option in west coast cities is probably more common than your startup option : working for an established company, possibly a FAANG, and accumulating enough wealth to retire early.
- opportune 6y agoThat's a false dichotomy. A startup engineer could easily afford three rental properties in most flyover states after 8 years of working from their salary alone.
- digitaltrees 6y agoIt is the choice because the ecosystem is in SF. And because of the demand of people wanting to participate in the SF ecosystem, prices are higher. It’s a gold rush dynamic. YCs are the new 49ers.
- rorykoehler 6y agoIt's more important and more achievable to become financially independent rather than to become outrageously wealthy. Someone with a tech job and 3 rental properties has a lot more flexibility in life than someone with a tech job and some stock/options in the same tech company they work for.