, 3 tweets, 2 min read
SF's history as a tech capital is only ten years old. It began with startups like Stripe moving in. Now it's ending with multibillion dollar companies like Stripe moving out.
Expect many more startups to exit SF, or not be founded there in the first place.

See also this thread, which notes:
- SF was not consensus for startups in 2008
- SF became consensus as YC cos moved in
- SF's culture conquered the startups that moved in
Why move out of SF? The proximate cause of Stripe leaving is simply the incredible cost of real estate, due to the artificial scarcity that YIMBY is fighting against.

But there are so many more reasons!
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