why tech companies are in San Francisco when they could have cheap offices and fast internet pretty much anywhere?
In: Technology
Most of the other posters have covered most points.
One thing that is unique to Tech companies is that top Talent has a very outsized impact on your company. Tech companies have some of the highest market cap to employee ratios. And since in theory Tech can exist anywhere, then being located in a place that is very desirable to these top talents is a must.
And one of those great advantages the SF Bay has is Diversity. The Bay Area is very accepting of all cultures. If you are an immigrating Indian or Chinese or Japanese CS Engineer. Knowing that you are going to a city with large communities of your background is a good feeling. Plus, knowing that racism is not going to be a major factor must also help.
Another factor is weather. I know SoCal people have this weird idea that SF is freezing half the year. But its really not. I’d actually argue that unless you like to surf a lot, SF weather is better than LA. Especially, the inland portions. (Although, as far as i’m concerned both are better than 95% of US cities).
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