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Oracle, HPE, Schwab may not be the hubs of innovation, but they acquire a lot of SV startups, supporting the startup ecosystem. Of course Google, FB will contin
by g42gregory 6y ago
Oracle, HPE, Schwab may not be the hubs of innovation, but they acquire a lot of SV startups, supporting the startup ecosystem. Of course Google, FB will continue to acquire startups just fine, but the pool of acquiring money just got a bit smaller. If large companies continue to leave, they pool will get even smaller over time. I think it represents a potential problem for SV. These departures affect B2B startups so far. But, what happens if Twitter moves HQ? I remember Jack Dorsey saying the SF workforce does not reflect Twitter's user base and he was considering to adjust that.
I think that talks of the wealth tax in CA, is another problem. Now that the possibility has been put forward, the high-net individuals may not be waiting around for that to happen. High-net individuals are funding a lot of startup ecosystem as well. I think that might be a problem.