Unpopular opinion. All of these IPOs will destroy SF real estate. Seeing that it takes a decade to exit a unicorn, and it's going to be hard to top this generation, many of the winners will take off the golden handcuffs and decamp for other cities. @kimmaicutler @mimshttps://twitter.com/lucyswope/status/1119649632357879808 …
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Other people mysteriously moved to Nevada (no income tax) for a year to work on things like "Burning Man art projects".... like SF almost 10 years ago might've made sense because it was actually cheaper than the peninsula w/ urban qualify of life. Not so clear now.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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I remember it was reported that >10,000 people became millionaires when Microsoft went public. When Google went public everyone down to the masseuse made millions. Seems like founders and VCs conspire to keep all the gains more now.
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Although high Series A/B valuations look irrational, and bubbly, the higher and quicker valuations go the better it is for VCs and founders. If a company has the same value in the end, a hypothetical Uber Series A at $5b mints fewer employee millionaires than Series A at $500m.
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