Foreign Founders Should Look Beyond Silicon Valley | TechCrunch
‘Reasons abound for international entrepreneurs and top technical talent to stay away from Silicon Valley and build their startup somewhere else.’ Strongly agreed. This factoid is particularly nuts: ‘As Balaji Srinivasan of a16z has observed, roughly 50%+ of the capital allocated for early stage tech investments is actually flowing into Bay Area real estate, directly through office rentals and indirectly via home rentals as a primary driver of skyrocketing salaries.’
(tags: salary bay-area silicon-valley usa tech jobs work real-estate rent startups techcrunch)