Why do the leaders of Silicon Valley seem so out of touch? https://www.nytimes.com/2017/11/18/style/confirm-or-deny-anne-wojcicki.html …pic.twitter.com/mJwsqBxi4K
Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.
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Why do the leaders of Silicon Valley seem so out of touch? https://www.nytimes.com/2017/11/18/style/confirm-or-deny-anne-wojcicki.html …pic.twitter.com/mJwsqBxi4K
Wojcicki was married to one of the richest people in the world and runs a startup that's raised more than $490 mil. Rent is probably not an issue.
Office rent costs are a major factor in high burn rates. In the 90s crash, bad leases were a primary driver of failures. Sometimes think the real beneficiaries of VC are developers.
California is secretly structured as a land rentier society. It’s completely embedded in the tax and financing structure of this state.
(And the history too.)
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