why tech companies are in San Francisco when they could have cheap offices and fast internet pretty much anywhere?
In: Technology
It’s where the whole ecosystem developed… research at universities like Stanford spun off companies who stayed in the area and recruited from those schools to get top talent. Other tech/programmers, etc. moved to the area because of the concentration of jobs. Investors/Venture Capital firms were also in the area, so it’s easier to seek out funding for new companies if you’re in the area.
Some tech companies are starting to move some operations out of Silicon Valley. Apple has offices in places like Austin. Hewlett-Packard, the original Silicon Valley company, recently announced it’s relocation to Texas. It will be interesting to see what happens as more workers work remote. I suspect companies will remain in the Valley but downsize their presence and perhaps set up small satellite offices in various cities for remote workers to occasionally use, hold meetings, etc.
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