why tech companies are in San Francisco when they could have cheap offices and fast internet pretty much anywhere?
In: Technology
Silicon Valley originally arose around San Francisco because universities around there, including Stanford and Berkeley, were pioneers in early computing. Now, tech companies continue to have headquarters in San Francisco because that’s where the industry is. Sure, it’s expensive to be there, but there are a lot of benefits to being where all the other tech companies are. There are lots of tech employees there, so you have a lot of people you can hire without them needing to relocate. There are tons of associated businesses there; if you need a PR firm, or a law firm, or investors, who are specialized in working with tech companies, SF is where you’ll find them. Even though it’s possible to do a lot of this stuff remotely, and you don’t need to be in the same city as the people you work with, it’s preferred, so companies want to be where all the other companies are.
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