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by drewmassey
2842 days ago
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I don't disagree that the cost of living and FAANG brain drain will likely challenge the hegemony of Silicon Valley in the short term. What interests me is whether software engineering companies will continue to focus on geographical centers, or if the future is perhaps more distributed. Obviously this doesn't work in other industries like hardware, biotech, etc., where physical presence is baked in to doing business. |
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SV has been dealing with brain drain since loooong before FAANG was even a thing. HP, Intel (remember why it’s called silicon valley?), and Oracle used to be heavyweights - and in the midst of that there was still a very very successful startup culture.
I’ve asked founders why they start their companies here, and the reason is almost universally ‘this is where the biggest pool of engineers I need for X are’.