Want to find the next Silicon Valley? Head to Humboldt County. (San Francisco: earthquake, income)

[jw2]

Originally Posted by Perma Bear

That's nice and all but I wouldn't live there. I have standards

Your standards are wherever mommy and daddy live. Perhaps if you lived on your own, people would take you more seriously.

[jm1982]

Standards don't mean much unless you have the bank account or credit limit to pay for them

[Tulemutt]

Originally Posted by jm1982

Standards don't mean much unless you have the bank account or credit limit to pay for them

Because "standards" are always about / controlled by money, right?

[adr3naline]

Originally Posted by Perma Bear

No because no
One wants to live in buffalo because it's either burning hot or freezing cold. It's the same reason new haven is cheap despite having yale

OP, I suggest research and proper due diligence before rebutting with "No" as your argument. This is factual information which should be used as fuel for thought.

[jm1982]

With historic high housing prices and cost of living in general in the Bay Area at this point, now is probably more than ever an opportunity for other cities to gain more of a thriving tech industry versus the past.
I listened to an interview with Steve Case (founder of AOL) he did recently, and it was interesting as he was talking about how there are all these startups in other cities now, and that one smart thing to do is start a company outside of Silicon Valley, but then sell it to silicon valley because you can get a higher valuation in the Bay Area.

It's really a great interview
Ep. 164

He mentions how he turned down an offer to get bought out of AOL for about 200 million or so and everyone though he was nuts..The value of AOL went up to about $160 Billion at one point!

His belief is that great tech companies can be anywhere , not just one area
https://www.entrepreneur.com/article/238366

[HockeyMac18]

Originally Posted by jm1982

With historic high housing prices and cost of living in general in the Bay Area at this point, now is probably more than ever an opportunity for other cities to gain more of a thriving tech industry versus the past.
I listened to an interview with Steve Case (founder of AOL) he did recently, and it was interesting as he was talking about how there are all these startups in other cities now, and that one smart thing to do is start a company outside of Silicon Valley, but then sell it to silicon valley because you can get a higher valuation in the Bay Area.

It's really a great interview
Ep. 164

He mentions how he turned down an offer to get bought out of AOL for about 200 million or so and everyone though he was nuts..The value of AOL went up to about $160 Billion at one point!

His belief is that great tech companies can be anywhere , not just one area
https://www.entrepreneur.com/article/238366

Sure they can, but you're ignoring a lot of the reasons why there's a tech epicenter in the Bay Area to begin with. Which include (but is not limited to):

• Stanford and Berkeley's presence (and their VERY IP-friendly environment, especially in Stanford's case)
• intellectually-focused and open-minded culture,
• more VC money than most other parts of the US combined,
• critical mass of talent (and jobs right now) allowing for employee mobility and makes it easy for employers to find new people quickly...

Weather, scenery, culture, etc. are things that make the Bay Area/SF attractive overall (and are why it'll generally probably always be more expensive than the rest of the US) - but the tech economy is centered there for other reasons.


Until another place can replicate these tech culture qualities with some success, I don't see the Bay Area relinquishing this title anytime soon. A few companies setting up satellite (or even their HQ) outside of the Bay Area doesn't mean that the Bay Area isn't still the epicenter for this industry...you need much more significant change than that.

For what it's worth, I don't think it's impossible to change - I just think it'll be REALLY hard to change, and I don't see it happening anytime soon (within the next 20-40 years, at least...Far off in the future when robotics and AI can replicate human activity...all rules change).

[jm1982]

I understand what you are saying and you make good points. I guess the thing is that while Silicon Valley is still the epicenter of tech, it's not the only game in America is what I'm saying. Not that some other city will eclipse it in the foreseeable future.

Also there are some people not really into the culture of Silicon Valley even if they are techies.
Some techies prefer the culture of Austin or L.A
There are also people making great salaries in Silicon Valley, but still struggle with the high housing costs.

It is kind of funny though how many cities are now claiming to have the 'Next Silicon Valley '

[HockeyMac18]

Originally Posted by jm1982

I understand what you are saying and you make good points. I guess the thing is that while Silicon Valley is still the epicenter of tech, it's not the only game in America is what I'm saying. Not that some other city will eclipse it in the foreseeable future.

Also there are some people not really into the culture of Silicon Valley even if they are techies.
Some techies prefer the culture of Austin or L.A
There are also people making great salaries in Silicon Valley, but still struggle with the high housing costs.

It is kind of funny though how many cities are now claiming to have the 'Next Silicon Valley '

Yeah, in this way, I agree with you.

And yes, housing is a gigantic issue right now in the Bay Area - one that is frankly getting in the way of growth - and is really beneficial to other areas hoping to attract talent away from Silicon Valley.

We've already seen this with other cities attracting talent/companies away (Austin, Seattle, LA, Boston, and other metros less well known in that space), and it'll keep happening as long as housing costs are so asinine here.

[Perma Bear]

Originally Posted by HockeyMac18

Yeah, in this way, I agree with you.

And yes, housing is a gigantic issue right now in the Bay Area - one that is frankly getting in the way of growth - and is really beneficial to other areas hoping to attract talent away from Silicon Valley.

We've already seen this with other cities attracting talent/companies away (Austin, Seattle, LA, Boston, and other metros less well known in that space), and it'll keep happening as long as housing costs are so asinine here.

Those places aren't having any effect on here. Housing is still ridiculous

[jm1982]

Originally Posted by Perma Bear

Those places aren't having any effect on here. Housing is still ridiculous

Yeah but attracting talent away also isn't a good thing for the Bay Area or CA.

There is a saying Rome wasn't built in a day
The same with Silicoln Valley , and it will be the same with other cities
Look at China, people weren't paying attention and out of nowhere they became a massive economy
People only thought it happened overnight because they weren't paying attention .

I guarantee there's a city out there now that nobody is taking seriously and will be considered an important city in the next decades .
You look at history and throughout the world this has been true