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> A Google can stop 10000 potential startups simply with RSUs The real killer here is the Bay Area housing market. You need those RSUs to pay for a place to st
by klooney 2y ago
> A Google can stop 10000 potential startups simply with RSUs
The real killer here is the Bay Area housing market. You need those RSUs to pay for a place to stay.
- foobarian 2y agoIf the engineers are just middlemen for plumbing that money to property owners, seems like owning property in the Bay Area might be a good idea.
- mistrial9 2y agoolder generations did just that. In the Internet boom, people commonly talked about "place being obsolete" and other detached thinking.. perhaps lessening the emphasis on buying real property nearby. Of course, not everyone played by the same rule book. Observe the result.
- 0_____0 2y agoThat was the policy intention in the 70s. Prop 13 plus zoning most land area for SFH ensured that boomer property owners could get rich. Back then it wasn't clear just how rich, though.
- antaviana 2y agoIt seems there is the opportunity to disrupt that market, so that tech companies can pay property owners directly, without the middlemen.
- sangnoir 2y agoThat's not nearly disruptive enough. I'm raising seed rounds for HackerRV - a high end, compact RV rentals for knowledge workers that does away with the need for houses. Starlink comes standard, with additional subscriptions available for showers at aelect locations, and mail delivery addresses. Our previous venture (BackyardBnB) was scuttled by literal NIMBYs.
- llamaimperative 2y agoOr they can disrupt the actual middleman, which is the property owners. The land is there regardless of who owns it, it turns out.
- worksonmymach 2y agoSure I'd rather have $1m in FAANG shares than SF real estate over 10 years but maybe I am wrong. Especially as SF real estate relies on NIMBYism that might change whereas FAANG relies on an enormous brain trust, branding and monopolies.
- riku_iki 2y agoYou don't have to live in Bay Area to run startup?..
- worksonmymach 2y agoI think it massive improves your odds of a unicorn. But a regular old business aiming for a humble $10m valuation based on profits, of course not.