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>> Yeah, I've had some friends leave (to CO and DC), but I'm skeptical of companies and VCs leaving. >> I have had older friends leave to have a family. They went to Santa Cruz, Seattle, Denver, DC, and Austin. It's a shame. The ones that stayed either are very rich where a $5M house is not an issue, or they still live with three roommates and rent without kids. Just wait until they look for interesting jobs and get 100 linked in messages from CA and like 1 or 2 from DC. (note: I live in VA just outside DC, speaking from experience.) |
An anecdote: I got an offer to leave my mid-level FAANG job to return to the Midwest for a VP role at a 200+ person company. The compensation was about 35% of my total comp, and it was maybe one of 3 companies in the area I would consider working for. Not to mention going back to cold winters, McMansions, and chain restaurants.
I don't think people fully appreciate the value of unenforceable non-competes + many companies congregated in one area. No where else in the world does the labor have this level of negotiating power and flexibility. Even if it can be replicated (and I hope it is!), it won't be overnight.