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Oracle leaving for Texas reminded me of this person: https://news.ycombinator.com/item?id=18442941 https://news.ycombinator.com/item?id=18442941 People getting

Oracle leaving for Texas reminded me of this person: https://news.ycombinator.com/item?id=18442941 https://news.ycombinator.com/item?id=18442941 People getting excited for Texas seems a bit silly! Real tech hub but... this is Oracle. C'mon.

abernard1 6y ago
The damage to CA's economy won't come from the has-beens leaving, but the never-will-be's that never happen. It's hard to have a ramen startup when your garage costs a million dollars. SF has been operating on the "Get Big Quick" financial injection model for a while now, so it probably won't stop those types of companies. But we shouldn't pretend that there's been a good environment for the idyllic startup in at least 20 years in the Bay Area.
- game_the0ry 6y ago
  > It's hard to have a ramen startup when your garage costs a million dollars. Word. Peter Thiel had something to say about this - basically, he said that so much of the VC money that a start up would raise would go to rent that it no longer makes sense to start a company in the Bay Area. And those garages in Austin, Nashville, Charlotte, Railegh-Durham, and basically every where else are starting to look very attractive to savvy start up founders. Especially under the WFH circumstances bc of covid.
  - blaser-waffle 6y ago
    Austin's been on the tech radar for a while, but I've seen a lot of my friends from the DC area head down to Raleigh-Durham, easily 5+, and a couple who headed to Nashville.
  - bsagdiyev 6y ago
    Raleigh is where we’re headed in January, California has been great for the past 20 years or so but now with full WFH we don’t need to stay.
  - iancmceachern 6y ago
    But I dont want to live in any of those places. Too hot.
  - m0llusk 6y ago
    The rise of remote work has been pushed forward hard by the pandemic which means that new companies with a modern and enlightened structure will have minimal need for facilities and offices. The servers are in the cloud and employees can sublet rooms to keep rent minimal. The resource metric that really counts is talent. That probably means there will be more of NorCal, BosWash, Texas, and Rust Belt all getting involved and contributing whenever there is a truly significant effort.

abernard1 6y ago

The damage to CA's economy won't come from the has-beens leaving, but the never-will-be's that never happen. It's hard to have a ramen startup when your garage costs a million dollars. SF has been operating on the "Get Big Quick" financial injection model for a while now, so it probably won't stop those types of companies. But we shouldn't pretend that there's been a good environment for the idyllic startup in at least 20 years in the Bay Area.

game_the0ry 6y ago
> It's hard to have a ramen startup when your garage costs a million dollars. Word. Peter Thiel had something to say about this - basically, he said that so much of the VC money that a start up would raise would go to rent that it no longer makes sense to start a company in the Bay Area. And those garages in Austin, Nashville, Charlotte, Railegh-Durham, and basically every where else are starting to look very attractive to savvy start up founders. Especially under the WFH circumstances bc of covid.
- blaser-waffle 6y ago
  Austin's been on the tech radar for a while, but I've seen a lot of my friends from the DC area head down to Raleigh-Durham, easily 5+, and a couple who headed to Nashville.
- bsagdiyev 6y ago
  Raleigh is where we’re headed in January, California has been great for the past 20 years or so but now with full WFH we don’t need to stay.
- iancmceachern 6y ago
  But I dont want to live in any of those places. Too hot.
- m0llusk 6y ago
  The rise of remote work has been pushed forward hard by the pandemic which means that new companies with a modern and enlightened structure will have minimal need for facilities and offices. The servers are in the cloud and employees can sublet rooms to keep rent minimal. The resource metric that really counts is talent. That probably means there will be more of NorCal, BosWash, Texas, and Rust Belt all getting involved and contributing whenever there is a truly significant effort.