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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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    Austen Allred‏Verified account @AustenAllred Jul 8

    Let’s consider a worst case scenario: The housing crisis is so bad tech companies move... elsewhere, en masse. What happens then?

    1:27 PM - 8 Jul 2018
    • 5 Retweets
    • 87 Likes
    • Murali sankar bharathg Filipe Carvalho 🚀 Sar Haribhakti Wendy Wang Andreas Klinger ✌️ 🤯 James Paul Snively
    42 replies 5 retweets 87 likes
      1. New conversation
      2. Jake Chapman‏Verified account @runvc Jul 8
        Replying to @AustenAllred

        The Detroit scenario is a bad analogy. It only applies if the fundamentals that make SF successful go away, and the industry disappears permanently. That isn't happening any time soon.

        2 replies 0 retweets 9 likes
      3. Dundon‏ @TedDundon Jul 9
        Replying to @runvc @AustenAllred

        Also let's not forget that sans-tech SF is a beautiful costal city with a stunning natural landscape and amazing things to do within a 3 hour drive in any direction.

        1 reply 0 retweets 8 likes
      4. Girl Alex‏ @grlalx Jul 9
        Replying to @TedDundon @runvc @AustenAllred

        yeah...location location location

        0 replies 0 retweets 4 likes
      5. End of conversation
      1. James‏ @vastidity Jul 8
        Replying to @AustenAllred

        The machines rise up after realizing we are harming the entire planet and they decide to turn us into organic batteries and isolate our conscious into Docker containers running on OpenStack, powered by old Sun Microsystems servers.

        0 replies 2 retweets 14 likes
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      1. New conversation
      2. Sean Byrnes‏ @sbyrnes Jul 8
        Replying to @AustenAllred

        Then the standard tech startup changes. HQ in the Bay area with 4-10 people and everyone else in a remote market. HQ will always need to be close to capital and VC would be the last to move.

        1 reply 0 retweets 9 likes
      3. Kent Jenkins‏ @KJ_SFlaw Jul 8
        Replying to @sbyrnes @AustenAllred

        Oh, and when the Bay Area is a tad less overheated, it’s a fantastic place to live. The cycle starts again.

        0 replies 0 retweets 5 likes
      4. End of conversation
      1. New conversation
      2.  ⚡️Andrew So ⚡️‏ @AndrewDixonSo Jul 8
        Replying to @AustenAllred

        worst case: you end up with 5 mediocre cities for innovation which don't rival the economic/cultural impact of 1 mega-city

        2 replies 0 retweets 7 likes
      3. Jane Sorensen‏ @Janerette Jul 8
        Replying to @AndrewDixonSo @AustenAllred

        “Mediocre cities” LOL Trust me, we can do without this brand of cultural impact

        0 replies 0 retweets 5 likes
      4. End of conversation
      1. New conversation
      2. Jake Chapman‏Verified account @runvc Jul 8
        Replying to @AustenAllred

        There is a balancing mechanism. 1 bigco leaves and 5K houses go on sale in San Francisco. Prices begin to stabilize and drop. The next company may not choose to leave b/c prices have stabilized

        1 reply 0 retweets 9 likes
      3. Randall Bennett‏ @randallb Jul 8
        Replying to @runvc @AustenAllred

        This is what it'd take.

        0 replies 0 retweets 1 like
      4. End of conversation
      1. Dennis Wingo‏ @wingod Jul 9
        Replying to @AustenAllred

        Detroit...

        0 replies 1 retweet 2 likes
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      1. Andreas Klinger  ✌️‏Verified account @andreasklinger Jul 8
        Replying to @AustenAllred

        If: SF becomes the place to get investments, for specific highly specialized departments and prestige offices.

        0 replies 0 retweets 5 likes
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      1. David Aron Levine‏ @davealevine Jul 8
        Replying to @AustenAllred

        Probably not the worst case scenario. More likely scenario is both housing and tech will collapse in prices again as they have historically again.

        0 replies 0 retweets 3 likes
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      1. New conversation
      2. mtanji‏ @mtanji Jul 8
        Replying to @AustenAllred

        Des Moines suddenly gets hip...

        1 reply 0 retweets 4 likes
      3. Joseph Nelson‏ @josephofiowa Jul 8
        Replying to @mtanji @AustenAllred

        More hip!https://www.theatlantic.com/politics/archive/2014/10/do-the-most-hipster-thing-possible-move-to-des-moines/431382/ …

        1 reply 0 retweets 0 likes
      4. mtanji‏ @mtanji Jul 8
        Replying to @josephofiowa @AustenAllred

        When I see fair trade, organic, artisanal coffee and the Flying J in Davenport I'll know the end is near.

        0 replies 0 retweets 1 like
      5. End of conversation
      1. Sean Huntington‏ @seanhuntington_ Jul 9
        Replying to @AustenAllred

        People keep moving to Phoenix where it’s a desert with no water, and urban sprawl is a pass time and houses are cheap... and then we all die.

        0 replies 0 retweets 2 likes
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      1. Nemoy Rau‏ @NRaush Jul 8
        Replying to @AustenAllred

        VCs have to start really deal sourcing and stop ignoring cold emails from founders who have to do so much more hustle and milestones than bay area companies

        0 replies 0 retweets 2 likes
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      1. New conversation
      2. fredzannarbor‏ @fredzannarbor Jul 8
        Replying to @AustenAllred

        Problem is replicated in 5 years

        1 reply 0 retweets 0 likes
      3. Alex Bowles‏ @alexqgb Jul 8
        Replying to @fredzannarbor @AustenAllred

        Unlikey. The roots of the crisis here go waaaay deeper than that. The compounding effects of Prop. 13, for example have had ~40 years to grow.

        1 reply 0 retweets 3 likes
      4. fredzannarbor‏ @fredzannarbor Jul 9
        Replying to @alexqgb @AustenAllred

        Sure, 5 years may be too fast an estimate, but If you moved one, let alone three or four, top-tier companies from SV to anywhere else in toto & immediately, it would crush the market in the new location, while leaving a SVvacuum that would not take a whole lot of time to fill.

        0 replies 0 retweets 0 likes
      5. End of conversation

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