[witcherchaos]

Counterpoints

> It’s no longer the best place in the world to start a startup.

The place with most active investors with the largest investments? The place with the biggest pool of programmers and pms and designers? The place with the best legal system to foster entrepreneurship?

Where else in the world would you get all of this? (Not even including beaches, attractive people, weather, food, top hospitals and universities, diversity, optimism, etc)

And to the author. San Francisco != all of tech in California

> The gains from the existing tech industry increasingly accrue to a) passive investors, and b) lucky landlords.

Sure, but compare that to any other industries. Tech industry is still very very mericratic. (Low startup capital, barrier to entry) Besides, every company is a tech company now

> The state government is a levered bet on tech compensation.

Why would you not want to bet on the best industry going forward? The one that eats all the other industries?

[alkibiades]

>>> The place with the biggest pool of programmers and pms and designers?

right but if you want a halfway decent one you have to compete with FANG and pay 300k a year.

[twblalock]

There is no shortage of people in Silicon Valley willing to work at startups, and that's why there are so many startups.

Among those people are successful FAANG employees who already made a bunch of money and feel safe trying something new, because if it doesn't work out they are not going to go broke and will probably end up back working at a FAANG.

[vonmoltke]

> The place with the biggest pool of programmers and pms and designers?

Why do we have regular discussions on how hard hiring in SV is, then?

[seem_2211]

It's hard to hire in SV because it's the most competitive talent landscape for technology in the world.

I work in recruiting (software salespeople), and this is by far the best market in the world for hiring in that niche. The talent you get here is significantly better than anywhere else. I make the analogy that it's like hiring for finance in London or New York. Outside of a global city, working at Goldman Sachs is impressive. However when you're hiring in NYC you can get much more granular - getting someone who's worked in the right team, on the right sort of deals etc.

There are plenty of actors in the world, but Hollywood is where entertainment deals are done. We'd laugh at someone trying to hire the worlds best Oil & Gas team in San Francisco. These are the big leagues.