VC Startups Looking Sweeter Outside of Silicon Valley

FrgMstr

FrgMstr

Just Plain Mean
Staff member
Joined
May 18, 1997
Messages
56,352
Whomever you are to believe, it looks like unicorn investments are leaving China and San Francisco. Whether it be communism or streets full of feces and needles, something is afoot. Citylab talks about the next Silicon Valley being outside of the United States, and Fortune is talking saying the winter is coming for China tech. Thanks scojer.


The pattern in the U.S. is decidedly mixed. East Coast hubs like New York and Boston have seen growth in startup funding, but San Francisco and other West Coast hubs, including Los Angeles and Seattle, have seen declines.
 
I'm shocked it's taken this long for companies to abandon California. Idiots.

Unfortunately a lot of Californians are also leaving California and trying to infect the states they move to with the same BS policies that have turned CA into a literal shithole :hungover:
 
Coastal California is a cesspool, which is why a huge percentage of non-Californians support succession. Let em go, they are just dragging us down with their crackpot liberal stupidity. Keep in mind all those electoral collage votes disappear too.(happily)
 
I think I read that article on Silicon Valley every couple of years, but only for the last 30 or so.

DocNo said:
I'm shocked it's taken this long for companies to abandon California. Idiots.

Unfortunately a lot of Californians are also leaving California and trying to infect the states they move to with the same BS policies that have turned CA into a literal shithole :hungover:
Click to expand...

pizzathehutt said:
Coastal California is a cesspool, which is why a huge percentage of non-Californians support succession. Let em go, they are just dragging us down with their crackpot liberal stupidity. Keep in mind all those electoral collage votes disappear too.(happily)
Click to expand...

Every failure hates watching success. Every petulant brat hates daddy. Too bad Daddy pays for, you know, everything.
 
Where's Lex luthor when you need him? Now when i watch that movie i wish he would just save Lois and not stop either of the Nukes. "Beachfront Property!"
 
  • Like
Reactions: Madoc
like this
I remember a documentary a while back about tech startup starting elsewhere and the SV giants moving out. It is estimated that if CA continues on its economic path, SV will look like the ghost towns of Detroit by 2040. I recall that some of the cities mentioned as excellent potential for new and old tech companies are Phoenix, AZ., Austin and DFW, TX., Raleigh and Greensboro, NC., Indianapolis, IN., and (the surprising one) Sioux Falls, SD.
 
^ The problem is that the people that move there will bring their ideologies with them. They're like locusts that swarm to a new location once the food runs out. That's why so much of the West Coast has turned out the way it has.
 
No-one wants to back seed any more. It's all just mega rounds.

Basically the west coast ecoystem got greedy and fat and no-one is putting up anything that doesn't need a couple of million dollars to get market validation and a bit of traction.

Other places are tending to be a bit healthier in terms of core proposition.
 
Rajincajun said:
I wonder why? Thanks to the high taxes and all the other BS they are chasing companies away.
Click to expand...

Victim of own success, and lax regulation on keeping property costs from exploding. It's very/too expensive to live or operate in such areas these days, more and more are moving to other nearby areas, for example San Diego and such.

But if the property values balloon out of control in these areas as well - already rising rapidly due to so many people moving in for jobs from other states - then they may move again.

Another factor may be the rise of high-tech jobs where you can work remotely. If an area has good modern internet infrastructure, even if in the middle of nowhere, then there's potential for lucrative Silicon Valley jobs to move there, either the company or a portion of its workforce.

Like little Chattanooga , for example, due to their rural 1gbps fiber attracting tech jobs that may normally have no place in rural areas.
 
You must log in or register to reply here.
Back
Top