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
Think the pay gap is much less in tech. If I moved to our Austin office my cut would be no where near 50%.
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Replying to @masadowski
That’s only true for people making $300k+ in the SFBA. Your run of the mill engineer isn’t 50% less.
4:56 PM - 2 Jul 2018
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