Few takeaways from the article
1. The decline in share of Bay Area companies is almost exclusively driven by rise in New York based companies. This is not driven by any new and emerging tech hub as media would have you believe
2. The post pandemic world is actually going to impact non Bay Area tech hubs even worse. Why would a company need to be based in Miami or Austin if they are fully distributed. This will actually stunt the growth is those tech hubs more than Bay Area, where large FAANG office based employment will continue to bring in developers
I'm not sure I agree that non-bay tech hubs will have it worse; post-pandemic there will still be plenty of demand for the traditional office experience, and just like before the pandemic, there are big financial incentives for companies to provide that in places like Austin and Miami vs the Bay.
I am just commenting on the data posted in the blog. Apparently, 40% of surveyed founders said that their companies will be fully remote. Only 6% will have offices in Austin and 1% in Miami. In that scenario, none of the emerging hubs will be able to create a cluster.
2. The post pandemic world is actually going to impact non Bay Area tech hubs even worse. Why would a company need to be based in Miami or Austin if they are fully distributed. This will actually stunt the growth is those tech hubs more than Bay Area, where large FAANG office based employment will continue to bring in developers