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I feel like this is a key point. There's long been strong financial pressure for the tech industry to disburse: it's incredibly expensive. Ideally you'd start
by fishtoaster 5y ago
I feel like this is a key point.
There's long been strong financial pressure for the tech industry to disburse: it's incredibly expensive. Ideally you'd start a tech company somewhere where office and engineers are cheap. But the companies stay in SF because employees and VCs are there. VCs and employees are there because companies are here.
And even though Sand Hill VCs could fund companies anywhere in the country, in practice, they didn't (much). If that's changing, I feel like that's the trigger for a big tech diaspora as much or more than remote eng work.
- api 5y agoI've been in recent conversations with several top firms on and off Sand Hill and nobody cares or even asks where anything is located.