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I was in SF for the first (2000) bubble. There are people who have jobs and people who don't. The people who have talent, who love what they do will stay. The

I was in SF for the first (2000) bubble. There are people who have jobs and people who don't. The people who have talent, who love what they do will stay. The dead wood, the folks who are in it just for the job, for cash will move on (they already are). The smart people, stop looking and start building. They do what they have to, to survive (shit jobs) and double down on side projects. Some talent will move on, but the next crop of startups is already brewing in bored nerds living rooms across the bay. Good luck folks there's money on the table, and you dont need to run to the VC's any more.

ylee 3y ago
> I was in SF for the first (2000) bubble. I wrote the below in 2006. <https://slashdot.org/comments.pl?sid=178846&cid=14824754 https://slashdot.org/comments.pl?sid=178846&cid=14824754> >I moved from NYC to the Palo Alto area in May 2000. That's right, just one month after the start of the long stock-market collapse and two months after the NASDAQ's peak, although of course no one knew these things at the time. I thus got to experience both the highs (insane traffic on 101, Sand Hill Road absolutely packed for two hours each afternoon) and the lows (significantly-better traffic on 101--admittedly a good thing in and of itself--and hordes of people losing jobs and moving back home each month). >It's important to distinguish between San Francisco and Silicon Valley. The Valley has recovered--traffic on 101 has long since become awful again, as today reminded me--but San Francisco still hasn't regained the equivalent of all those bubble-related jobs that vanished into the wind in the 2001-2002 time period, and probably never will. (I've been living in San Francisco for going on two years now and have yet to meet anyone who is working in a "Web" or "e-commerce" job up here. It's like a neutron bomb; the people went away but the buildings stayed.) By contrast, yes, the Valley lost tons of jobs, too, but at least the Valley had, and has, a longtime core of companies that made real products that do real thing dating back to the Fairchild/HP/Intel days. And on the Web side, of course, Google and Yahoo! are leading the charge. They're down there, though, and not up here. Unless and until another bubble develops, I expect San Francisco will remain a remarkably tech jobs-free (but with plenty of finance, retail, and other non tech-related companies) city on the edge of the world's greatest concentration of tech jobs. Obviously I didn't know that there indeed soon would be another bubble in SF, this time a social media-driven one.

ylee 3y ago

> I was in SF for the first (2000) bubble. I wrote the below in 2006. <https://slashdot.org/comments.pl?sid=178846&cid=14824754 https://slashdot.org/comments.pl?sid=178846&cid=14824754> >I moved from NYC to the Palo Alto area in May 2000. That's right, just one month after the start of the long stock-market collapse and two months after the NASDAQ's peak, although of course no one knew these things at the time. I thus got to experience both the highs (insane traffic on 101, Sand Hill Road absolutely packed for two hours each afternoon) and the lows (significantly-better traffic on 101--admittedly a good thing in and of itself--and hordes of people losing jobs and moving back home each month). >It's important to distinguish between San Francisco and Silicon Valley. The Valley has recovered--traffic on 101 has long since become awful again, as today reminded me--but San Francisco still hasn't regained the equivalent of all those bubble-related jobs that vanished into the wind in the 2001-2002 time period, and probably never will. (I've been living in San Francisco for going on two years now and have yet to meet anyone who is working in a "Web" or "e-commerce" job up here. It's like a neutron bomb; the people went away but the buildings stayed.) By contrast, yes, the Valley lost tons of jobs, too, but at least the Valley had, and has, a longtime core of companies that made real products that do real thing dating back to the Fairchild/HP/Intel days. And on the Web side, of course, Google and Yahoo! are leading the charge. They're down there, though, and not up here. Unless and until another bubble develops, I expect San Francisco will remain a remarkably tech jobs-free (but with plenty of finance, retail, and other non tech-related companies) city on the edge of the world's greatest concentration of tech jobs. Obviously I didn't know that there indeed soon would be another bubble in SF, this time a social media-driven one.