4 ms·
I was thinking that tech companies are in the San Francisco area because that's where a lot of tech talent is found, and tech talent is found there because tech
by justin_oaks 6y ago
I was thinking that tech companies are in the San Francisco area because that's where a lot of tech talent is found, and tech talent is found there because tech companies are there.
Is there anything more to it than that?
I'm happy to see tech spread out a bit. The absurd housing prices in San Francisco aren't healthy for either the tech companies nor the non-tech neighbors.
- JPKab 6y agoA buddy of mine years ago did a sports-coaching related start-up in Washington, DC. It was a cool idea targeted at high school and college football teams. He wanted to stay in DC, and had the talent he wanted there. His app was high-quality, and he ended up getting an investment from a VC. The VC was based in SF. My buddy didn't want to move there, but the VC made the investment contingent on him relocating to SF, because that's where the VC lived. He made the move. He immediately noticed that he had to pay far more for people who weren't any more productive or talented than what he had in DC. His biggest gripe was that the turnover was a lot higher, and he was often getting people who seemed to have lower aptitude for their roles. Apparently, VC's requiring relocation to SF is a common thing, and I suspect that it's part of the reason so much is concentrated there.
- draw_down 6y agoWelcome to the big leagues.
- justin_oaks 6y agoSo now I'm wondering if there are a lot of VCs because there are a lot of tech companies. It's one more thing that seems to compound the feedback loop.
- jeffbee 6y agoIt's the universities.
- tjalfi 6y agoHere [0] is a post that discusses some of the reasons why Silicon Valley became a high tech hub. [0] https://yarchive.net/comp/startups.html https://yarchive.net/comp/startups.html