In Q1 2019, 39% of Stripe's hiring was outside Bay Area and Seattle. Last quarter, it was 74%. I think the rate at which tech industry is going global is still under-appreciated, and that this will be a big tailwind for the world over the next decade.
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Do you think this going to be limited by the extent to which local employment laws (regulations & taxes) create friction? I'm sure Stripe is at a scale where it can deal with this, but the idea of hiring a remote employee for Tarsnap terrifies me from a paperwork perspective.
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Yup, the place to be was Silicon Valley. It feels like now the place to be is the internet (which is everywhere).
I expect this trend to only accelerate
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+1. And startups with operational excellence will benefit from both the larger talent pool and time zones
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40% of managers in my team gave 0 directs in there same location. 67% have less than 50% in their same location. Distributed and asynchronous work is the now and the future.
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Methinks there's a poem about this....
"Will the advancing waves obey me, Bishop, if I make the sign?"
Said the Bishop, bowing lowly, "Land and sea, my lord, are thine."
Canute turned towards the ocean—"Back!" he said, "thou foaming brine."
.... Back! to office....
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