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yitongzhang authored Oct 23, 2023
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I"! <p>Over the past few years, there’s been an under-discussed, but highly consequential shift in the compositon of the SF tech scene.<!--more--> The late stage tech boom of the 2010s attracted lots of big tech workers and IPO goldrush chasers to the city. Many lived in isolation tanks in SOMA, working at late stage startups in search of that elusive IPO. Others lived in the Mission anad bused down to South Bay to work at big tech for that juicy total comp.</p>

<p>With the advent of remote work, a lot of those people have since left for places with a higher quality of life per dollar. For the same cost of living, you could be in Brooklyn! And if you didn’t care about culture, you could quasi-double your savings rate by moving to Austin or Seattle (but really Bellevue lol).</p>

<p>If you’ve been reading the deluge of articles about the SF AI boom, it may seem like we’re about to enter another cycle like the last one. But the reality on the ground is quite the opposite. The field is so young there are no at scale AI companies hiring buckets of senior software engineers (yet).</p>

<p>Anecdotally, it does seem like more and more people are moving here because of AI, but it’s not nearly at the same scale as we saw during the ZIRP-y hiring frenzy of the 2010s. Most of the newcomers I’ve met are entrepreneurs, explorers, or weirdos who are here to be among like-minded people, in spite of the doom-loop narratives and poor quality of life per dollar.</p>

<p><img src="https://i.imgur.com/XXdnhEh.png" alt="image" /></p>

<p>Overall, there are far fewer techies here than before, but the one who are here seem like they are full of energy and exitement. As a result, the techie relationship to the city has changed too where many techies of the last era viewed themselves as gentrifiers / interlopers and wrestled with the guilt of their existence in this city, this era of techies love the city, feel like they belong, and want to hold their elected officials to account.</p>

<p>To me, this is the most bullish I’ve ever been about SF. The food still sucks, but being here is counter-cultural again. Choosing to live here causes your friends to raise their eyebrows now in the same way I imagine moving to Silicon Valley in the 80s did.</p>

<p>We’ve made SF weird again, and that’s a good thing.</p>
:ET
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I"� <p>Over the past few years, there’s been an under-discussed, but highly consequential shift in the compositon of the SF tech fauna.<!--more--></p>

<p>In the 2010s, the late stage tech boom of the 2010s attracted lots of big tech workers and IPO goldrush chasers to the city. Many lived in isolation tanks in SOMA, working at late stage startups in search of the elusive IPO. Others lived in the Mission, busing down to South Bay to work at big tech for that juicy total comp. There were others, but those two genus probably described 70% of the techies in the city.</p>

<p>With the advent of remote work, a lot of those types have left for places with a higher quality of life per dollar. For the same cost of living, you could be in Brooklyn! And if you didn’t care about culture, you could quasi-double your savings rate by moving to Austin or Seattle (but really Bellevue lol).</p>

<p>If you’ve been reading the deluge of articles about the SF AI boom, it may seem like we’re about to enter another cycle like the last one. But the reality on the ground is quite the opposite. The field is so young there are no at scale AI companies hiring buckets of senior software engineers (yet).</p>

<p>Anecdotally, it does seem like more and more people are moving here because of AI, but it’s not nearly at the same scale as we saw during the ZIRP-y hiring frenzy of the 2010s. Most of the newcomers I’ve met are entrepreneurs, explorers, or weirdos who are here to be among like-minded people, in spite of the doom-loop narratives and poor quality of life per dollar.</p>

<p><img src="https://i.imgur.com/XXdnhEh.png" alt="image" /></p>

<p>Overall, there are far fewer techies here than before, but the one who are here seem like they are full of energy and exitement. As a result, the techie relationship to the city has changed too where many techies of the last era viewed themselves as gentrifiers / interlopers and wrestled with the guilt of their existence in this city, this era of techies love the city, feel like they belong, and want to hold their elected officials to account.</p>

<p>To me, this is the most bullish I’ve ever been about SF. The food still sucks, but being here is counter-cultural again. Choosing to live here causes your friends to raise their eyebrows now in the same way I imagine moving to Silicon Valley in the 80s did.</p>

<p>We’ve made SF weird again, and that’s a good thing.</p>
:ET
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I"( <p><strong>A Change in SF’s Tech Fauna</strong></p>

<p>I think one under-noticed change in San Francisco is the human composition of the tech scene. The late stage tech boom of the 2010s attracted lots of big tech workers and IPO goldrush chasers to the city. Many lived in isolation tanks in SOMA, working at late stage startups in search of that elusive IPO. Others lived in the Mission anad bused down to South Bay to work at big tech for that juicy total comp.</p>

<p>With the advent of remote work, a lot of those people have since left for places with a higher quality of life per dollar. For the same cost of living, you could be in Brooklyn! And if you didn’t care about culture, you could quasi-double your savings rate by moving to Austin or Seattle (but really Bellevue lol).</p>

<p>If you’ve been reading the deluge of articles about the SF AI boom, it may seem like we’re about to enter another cycle like the last one. But the reality on the ground is quite the opposite. The field is so young there are no at scale AI companies hiring buckets of senior software engineers (yet).</p>

<p>Anecdotally, it does seem like more and more people are moving here because of AI, but it’s not nearly at the same scale as we saw during the ZIRP-y hiring frenzy of the 2010s. Most of the newcomers I’ve met are entrepreneurs, explorers, or weirdos who are here to be among like-minded people, in spite of the doom-loop narratives and poor quality of life per dollar.</p>

<p><img src="https://i.imgur.com/XXdnhEh.png" alt="image" /></p>

<p>Overall, there are far fewer techies here than before, but the one who are here seem like they are full of energy and exitement. As a result, the techie relationship to the city has changed too where many techies of the last era viewed themselves as gentrifiers / interlopers and wrestled with the guilt of their existence in this city, this era of techies love the city, feel like they belong, and want to hold their elected officials to account.</p>

<p>To me, this is the most bullish I’ve ever been about SF. The food still sucks, but being here is counter-cultural again. Choosing to live here causes your friends to raise their eyebrows now in the same way I imagine moving to Silicon Valley in the 80s did.</p>

<p>We’ve made SF weird again, and that’s a good thing.</p>
:ET
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@@ -0,0 +1,19 @@
I"� <p>Over the past few years, there’s been an under-discussed, but highly consequential shift in the compositon of the SF tech fauna.<!--more--></p>

<p>In the 2010s, the late stage tech boom of the 2010s attracted lots of big tech workers and IPO goldrush chasers to the city. Many lived in isolation tanks in SOMA, working at late stage startups in search of that elusive IPO. Others lived in the Mission, busing down to South Bay to work at big tech co’s that offered the best total comps. Everyone and their grandma seemed to have arrived in the city.</p>

<p>If you’ve been reading the deluge of articles about the SF AI boom, it may seem like we’re about to enter another cycle like the last one. But the reality on the ground is quite the opposite. The field is so young (being comprised primarily of one medium-sized company, a few retooled ML teams at SaaS companies, and a bunch of startups still working out of their bedroom) that there are no at scale AI companies hiring buckets of senior software engineers (yet).</p>

<figure>
<img class="blogImage" src="/assets/blogImg/sffauna/sfthenandnow.png" alt="over the last few years, we've flattened the curve in more ways than one" />
<figcaption>Over the last few years, we've flattened the curve in more ways than one.</figcaption>
</figure>

<p>So while it’s true that at least anecdotally, it does seem like more and more people are moving here because of AI, the flavour and scale of this migration feels totally distinct from what we saw during the ZIRP-y hiring frenzy of the 2010s. Most of the newcomers I’ve met are entrepreneurs, explorers, and weirdos who came here to be among like-minded people, in spite of the doom-loop narratives and poor quality of life per dollar.</p>

<p>Overall, though fewer techies live here than before, the one who are here really want to be here. As a result, the techie relationship to the city has changed too where many techies of the last era viewed themselves as gentrifiers / interlopers and wrestled with the guilt of their existence in this city, this era of techies love the city, feel like they belong, and want to hold their elected officials to account.</p>

<p>To me, this is the most bullish I’ve ever been about SF. The food still sucks, but being here is counter-cultural again. Choosing to live here causes your friends to raise their eyebrows now in the same way I imagine moving to Silicon Valley in the 80s did.</p>

<p>We’ve made SF weird again, and that’s a good thing.</p>
:ET
Original file line number Diff line number Diff line change
@@ -0,0 +1,19 @@
I"� <p>Over the past few years, there’s been an under-discussed, but highly consequential shift in the compositon of the SF tech fauna.<!--more--></p>

<p>In the 2010s, the late stage tech boom of the 2010s attracted lots of big tech workers and IPO goldrush chasers to the city. Many lived in isolation tanks in SOMA, working at late stage startups in search of that elusive IPO. Others lived in the Mission, busing down to South Bay to work at big tech co’s that offered the best total comps. Everyone and their grandma seemed to have arrived in the city.</p>

<p>If you’ve been reading the deluge of articles about the SF AI boom, it may seem like we’re about to enter another cycle like the last one. But the reality on the ground is quite the opposite. The field is so young (being comprised primarily of one medium-sized company, a few retooled ML teams at SaaS companies, and a bunch of startups still working out of their bedroom) that there are no at scale AI companies hiring buckets of senior software engineers (yet).</p>

<figure>
<img class="blogImage" src="/assets/blogImg/sffauna/sfthenandnow.png" alt="over the last few years, we've flattened the curve in more ways than one" />
<figcaption>Over the last few years, we've flattened the curve in more ways than one.</figcaption>
</figure>

<p>So while it’s true that at least anecdotally, it does seem like more and more people are moving here because of AI, the flavour and scale of this migration feels totally distinct from what we saw during the ZIRP-y hiring frenzy of the 2010s. Most of the newcomers I’ve met are entrepreneurs, explorers, and weirdos who came here to be among like-minded people, in spite of the doom-loop narratives and poor quality of life per dollar.</p>

<p>Overall, there are far fewer techies here than before, but the one who are here are really the ones who want to be. As a result, the techie relationship to the city has changed too where many techies of the last era viewed themselves as gentrifiers / interlopers and wrestled with the guilt of their existence in this city, this era of techies love the city, feel like they belong, and want to hold their elected officials to account.</p>

<p>To me, this is the most bullish I’ve ever been about SF. The food still sucks, but being here is counter-cultural again. Choosing to live here causes your friends to raise their eyebrows now in the same way I imagine moving to Silicon Valley in the 80s did.</p>

<p>We’ve made SF weird again, and that’s a good thing.</p>
:ET
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I"{<p>Over the past few years, there’s been an under-discussed, but consequential vibe shift of the SF tech scene.</p>
:ET
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I"j<p>I think one under-noticed change in San Francisco is the human composition of the tech scene.</p>
:ET
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I"�
<p>Over the past few years, there’s been an under-discussed, but highly consequential shift in the compositon of the SF tech fauna.<!--more--></p>

<p>In the 2010s, the late stage tech boom of the 2010s attracted lots of big tech workers and IPO goldrush chasers to the city. Many lived in isolation tanks in SOMA, working at late stage startups in search of the elusive IPO. Others lived in the Mission, busing down to South Bay to work at big tech co’s that offered the best total comps. There were others, but those two genus probably described over half of the techies in the city.</p>

<p>With the advent of remote work, a lot of those types have left for places with a higher quality of life per dollar. For the same cost of living, you could be in Brooklyn and experience <em>real</em> culture. And if you didn’t care about coffee shops and cool restaurants, you could quasi-double your savings rate by moving to Austin or Seattle (but really Bellevue lol).</p>

<p>If you’ve been reading the deluge of articles about the SF AI boom, it may seem like we’re about to enter another cycle like the last one. But the reality on the ground is quite the opposite. The field is so young there are no at scale AI companies hiring buckets of senior software engineers (yet).</p>

<p>Anecdotally, it does seem like more and more people are moving here because of AI, but it’s not nearly at the same scale as we saw during the ZIRP-y hiring frenzy of the 2010s. Most of the newcomers I’ve met are entrepreneurs, explorers, or weirdos who are here to be among like-minded people, in spite of the doom-loop narratives and poor quality of life per dollar.</p>

<figure>
<img class="blogImage" src="/assets/blogImg/sffauna/sfthenandnow.png" alt="over the last few years, we've flattened the curve in more ways than one" />
<figcaption>Seward street slides! Photo from Chantal Lamers on Instagram.</figcaption>
</figure>

<p>Overall, there are far fewer techies here than before, but the one who are here seem like they are full of energy and exitement. As a result, the techie relationship to the city has changed too where many techies of the last era viewed themselves as gentrifiers / interlopers and wrestled with the guilt of their existence in this city, this era of techies love the city, feel like they belong, and want to hold their elected officials to account.</p>

<p>To me, this is the most bullish I’ve ever been about SF. The food still sucks, but being here is counter-cultural again. Choosing to live here causes your friends to raise their eyebrows now in the same way I imagine moving to Silicon Valley in the 80s did.</p>

<p>We’ve made SF weird again, and that’s a good thing.</p>
:ET
Original file line number Diff line number Diff line change
@@ -0,0 +1,19 @@
I"� <p>Over the past few years, there’s been an under-discussed, but highly consequential shift in the compositon of the SF tech fauna.<!--more--></p>

<p>In the 2010s, the late stage tech boom of the 2010s attracted lots of big tech workers and IPO goldrush chasers to the city. Many lived in isolation tanks in SOMA, working at late stage startups in search of that elusive IPO. Others lived in the Mission, busing down to South Bay to work at big tech co’s that offered the best total comps. Everyone and their grandma seemed to have arrived in the city.</p>

<p>If you’ve been reading the deluge of articles about the SF AI boom, it may seem like we’re about to enter another cycle like the last one. But the reality on the ground is quite the opposite. The field is so young (being comprised primarily of one medium-sized company, a few retooled ML teams at SaaS companies, and a bunch of startups still working out of their bedroom) that there are no at scale AI companies hiring buckets of senior software engineers (yet).</p>

<figure>
<img class="blogImage" src="/assets/blogImg/sffauna/sfthenandnow.png" alt="over the last few years, we've flattened the curve in more ways than one" />
<figcaption>Over the last few years, we've flattened the curve in more ways than one.</figcaption>
</figure>

<p>So while it’s true that at least anecdotally, it does seem like more and more people are moving here because of AI, the flavour and scale of this migration feels totally distinct from what we saw during the ZIRP-y hiring frenzy of the 2010s. Most of the newcomers I’ve met are entrepreneurs, explorers, and weirdos who came here to be among like-minded people, in spite of the doom-loop narratives and poor quality of life per dollar.</p>

<p>Overall, though fewer techies live in SF than before, the one who are here really want to be here. As a result, the techie relationship to the city has changed too: where many techies of the last era viewed themselves as gentrifiers / interlopers and wrestled with the guilt of their existence in the city, this era of techies love the city, feel like they belong, and want to hold their elected officials to account.</p>

<p>To me, this is the most bullish I’ve ever been about SF. The food still sucks, but being here is counter-cultural again. Choosing to live here causes your friends to raise their eyebrows now in the same way I imagine moving to Silicon Valley in the 80s did.</p>

<p>We’ve made SF weird again, and that’s a good thing.</p>
:ET
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