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Born in Hong Kong, raised in Vancouver and graduated from UBC, now working in Seattle and regularly commute to SF (once a month) and almost twice a month to Vancouver. I've been observing this for quite a while and try to put my finger on where the problem is for Vancouver. Have been trying to talk to people up and down the coast who are similar as well to understand more. It's a complex comparison because: - SF has crazy amount of capital flowing around, people are earning crazy $, but there's also high cost of living and tax rate - Seattle is not as crazy as SF, but still has plenty of high paying engineers. Cost of living is quickly rising. Locally, it's starting to become a problem in some areas like Capitol Hill, like SF's Mission area. However, WA don't have personal income tax. So while on paper we don't make more than we do in SF. The general consensus from those that made the move north from SF says they end up keeping more. - Vancouver doesn't have crazy tech capital. But it's got a really nice environment. Has public health care whereas in the States we have to account for health care cost. Generally American tech jobs provide health care with co-pay/deductible options but it's still thousands out of pocket before the 100% insurance coverage kicks in. The Canadian brain drain thing has always happened since early 2000. I think the biggest problem with Vancouver is that there isn't enough venture capital flowing in. In many places where there doesn't exist an already established tech scene, like Detroit, the government has a lot of subsidies for companies to move there. However, there doesn't seem to be enough or any for companies that want to move to Vancouver. In fact, many of our subsidies are starting to expire, and that's why many gaming and SFX studios are shutting down. Without the much needed capitals, start-ups have harder time competing with Seattle and SF which offer comparable/better climate and surrounding with much better pay. Often time when I hear a Vancouver company pitch it's by saying how nice and active the city is. Sure, the city is nice but is it worth the difference in pay? To me, at least not at this point. Not at least with the money I am making I can afford to come back whenever, or fly down to SF for a few days. Especially not with the pay I am making after tax in BC, and have to pay for housing and transportation. |
Easily as diverse as Seattle, just different. Startup community is more vibrant than Seattle, more personal than SF -- but if you want a cushy job at a large tech firm, Vancouver is not the one.
The Vancouver up-and-coming is where it's at. Tons of my friends and colleagues are moving from all over the world to take advantage on the rise up.
Invoke, Highline.vc, WavefrontAC, Spring.is, Launch Academy, are accelerators powering startup names you all are familiar with. Not to mention the Canadian government basically throwing money at tech through grants, tax rebates, and mentorship programs because they recognize it will carry the economy no matter what happens with natural resources. Not sure what subsidies you think are expiring.
I get offers from SF regularly but it's not worth it. My friends there tend to get overworked and leave after burnout. Vancouver is a place to set down roots -- Canadians know how to enjoy the weekend and each other's company outside of work events.
Background: Living in Seattle for a decade, founded a startup in Vancouver last year, have many friends and past work in SF.