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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    1. Leo Polovets‏ @lpolovets Jul 5

      I am amazed as how strongly the SF bay area incentivizes people to leave: - highest income tax in US - one of the highest sales taxes in US - most expensive housing in US - property taxes hurt new homebuyers - high tech salaries + remote jobs -> live like royalty in another state

      57 replies 118 retweets 694 likes
      Show this thread
    2. David Petersen‏ @typesfaster Jul 5
      Replying to @lpolovets

      This has all been true for a long time, though. Yet the tech workers have kept moving here.

      2 replies 0 retweets 16 likes
    3. Leo Polovets‏ @lpolovets Jul 5
      Replying to @typesfaster

      Very anecdotal, but my fund has been seeing more and more strong companies out of non-California markets: Denver, Atlanta, SLC, etc. Founders and employees have lower salaries but much better lifestyles. And a number of people I know have been thinking more about moving out.

      9 replies 6 retweets 75 likes
    4. Leo Polovets‏ @lpolovets Jul 5
      Replying to @lpolovets @typesfaster

      I think housing is the worst part tbh. If a median decent home is $2m, you need a $400k household income and a $400k down payment. That's not attainable for most people. And housing continues to get 10-20% more expensive annually!

      7 replies 0 retweets 47 likes
    5. David Petersen‏ @typesfaster Jul 5
      Replying to @lpolovets

      I wonder if the sheer the number of wildly successful companies here (Google, Apple, FB, Uber, Airbnb, Dropbox, Stripe, could go on forever) growing exponentially and sucking in talent is damaging the startup ecosystem too.

      3 replies 0 retweets 11 likes
      Austen Allred‏Verified account @AustenAllred Jul 5
      Replying to @typesfaster @lpolovets

      The flip side of that dynamic is when a company is a winner it spits off *so* much cash that high housing costs don't matter as much. I would have guessed there'd be a breaking point by now, but apparently we're not there yet? It's really taxing for us if we want anyone in-house

      2:52 PM - 5 Jul 2018
      • 21 Likes
      • Beth Heise import AI as SaMD John Garrish Daniel Kahn Rahul Ramchandani Danielle Morrill Michael Hood Sar Haribhakti
      1 reply 0 retweets 21 likes
        1. New conversation
        2. Garrett Smith  👁️‏ @jsfaq Jul 6
          Replying to @AustenAllred @typesfaster @lpolovets

          If higher housing costs don’t matter, you can pay mine. I am looking for another state to live now. Too expensive here.

          1 reply 0 retweets 1 like
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