This is 100% correct. Housing has killed the golden goose that is Silicon Valley, yet network effects (VC, exec hires) don't fall apart that quickly. Solution? HQ in SF + pockets of leadership where possible, distributed everything elsehttps://twitter.com/andrewchen/status/1013877283633934342 …
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The level of talent we can hire by getting people who used to work at FAANG, offering them 50% what they used to make, and letting them leave the Bay Area is absurd.
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Replying to @AustenAllred
FAANG = Facebook, Apple, Amazon, Netflix, Google ?
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