SF has recently implemented & continues to consider a slew of tax + regulatory policies that no growing tech company would subject itself to were it not the sole superior option re: access to capital + talent. If an industry flight occurs *once,* the ground is salted. https://t.co/JQ3uRtKM2i
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Lest you think SF will rapidly come to its senses if/when the exodus starts happening in earnest, let me remind you that this is a city that can't come to any kind of consensus on whether it can abate its crisis-level lack of housing by creating more housing
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To borrow Jim Collins' terminology, it looks like SF's Doom Loop is well under way.
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