San Francisco’s tech workforce is still growing, outpacing other metro areas
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Why Austin so low? I thought it would be a top 5 tech hub. Top 10 at least. Besides that nothing really stands out
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https://i.imgur.com/xTiz3IJ.png |
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Tech is dumb
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Sure thing SFO, you arent getting grey hair.
HArdly anybody notices that bald spot, those growing wrinkles and expanding gut. You still look great :cheers: |
Interesting list. We can definitely see where tech is still growing and in some cases, booming, whereas in other metros, it has stagnated or fallen behind.
Metros with over 100k tech workers that are outpacing the US average for 2010-2018: Atlanta 25.4% Austin 40.3% Boston 22.1% Charlotte 48.2% Dallas 23.2% Denver 28.6% Detroit 37.2% Miami 20.4% Phoenix 22.6% Portland 28.7% San Francisco 62.4% San Jose 38.1% Seattle 31.5% Metros with over 100k tech workers that being outpaced compared to the US average for 2010-2018: Chicago 17.9% Houston 8.0% Kansas City 17.3% Los Angeles 11.8% Minneapolis 17.0% New York City 16.9% Philadelphia 2.6% San Diego 11.5% St. Louis 7.8% Washington DC 3.2% |
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I think the development boom has peaked because building costs have gotten so high, we are at or near Prop. M caps and many of the most desirable sites have been built on, but the tech industry marches on with companies like Saleforce leasing entire buildings not even approved yet (750 Howard). |
This appears to be a broader definition of "tech." To some degree, any big city will score highly.
Narrow it (many ways to do that) and the list would be different. |
I have seen a lot of articles about a massive tech exodus out the Bay Area.
https://venturebeat.com/2018/11/08/n...-coast-exodus/ |
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An exodus doesn't have to mean a reduction.
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Now that there is actual data, my suspicions that those articles are exaggerations are true. |
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CA is really a birthing center and incubator of companies and jobs, but once they reach a certain stage some of them do choose to leave for someplace the competition for workers and the cost of doing business or housing those workers is lower. But as that's happening, more businesses are arriving or being founded. An example of what's happening: Quote:
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Maybe it is. Watched a "Theranos" expose on HBO and it seems the entire company was a total fraud right from the start--a gazillion lab results from a single drop of blood in a mini lab called "Edison" and they believed it. All the big tech angels bought into it and lost bundles. Many of the new IPOs coming to market (Lyft, Uber etc.) apparently will not show a profit for years, if ever. People are willing to bet on something sexy, but in the end gravity wins. For every Apple or Google, how many Theranos's are there? Not sure. But valuations have reached 2000 levels, and the social media stocks have sure gotten black eyes from recent events. Millions have cancelled their Facebook accounts. So maybe the slowdown a la 2000 is coming. |
^^I saw that Theranos show. That's more biotech than tech, of course, but Elizabeth Holmes is quite amazing in the way she took in everybody. I suspect a male might not have been able to do it; who would suspect a beautiful young woman of being a fraud? And she was so convincing it almost seems like she believed her own BS.
I remember when Theranos was still "up and coming" and I remember thinking, "How can they do that?" Guess they couldn't and didn't. But most of what's called "tech" these days is just buisness conducted over the internet and a lot easier to figure out. I just ask myself whether they are selling a service I or anybody I know would really want. Take grocery delivery (and recall the 2000 failure of WebVan): I don't really want someone else picking out my perishables at least (meat, veggies, fruits). So I don't really see these businesses that either deliver such items or even the "meal in a box" outfits surviving long term. On the other hand, I consider the rideshare services as genuinely disruptive and necessary. I think they'll make it in some form though maybe government will force it to change from the way it is today. |
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Fact of the matter is, nowhere incubates ideas into multi-billion dollar corporations quite like the Bay Area Just today, Lyft started trading and is currently valued at $25 billion, that's astounding. Uber is expected to climb to $125 billion when it goes public soon, Airbnb, Pinterest, Palantir etc, all local companies going public this year and all expected to be valued in the billions. And I can think of a dozen other local start ups that look like exceptional prospects for the future. And that's on top of what the region already has going on. US tech companies with a market capitalization of $5 Billion+, March 28, 2019 Bay Area: Apple $889.87 Billion Alphabet $814.95 Billion Facebook $472.48 Billion Intel $238.84 Billion Cisco $234.89 Billion Oracle $181.79 Billion Netflix $154.82 Billion Adobe $128.59 Billion PayPal $121.85 Billion Salesforce $119.64 Billion Broadcom $118.39 Billion NVIDIA $107.41 Billion VMWare $73.11 Billion Intuit $67.16 Billion Tesla $48.12 Billion Applied Materials $36.56 Billion Ebay $33.65 Billion Autodesk $33.60 Billion Xilinx $32.04 Billion Square $31.17 Billion Electronic Arts $30.62 Billion HP $29.14 Billion AMD $27.10 Billion Twitter $25.21 Billion Palo Alto Networks $22.34 Billion HP Networks $20.91 Billion KLA-Tencor $19.32 Billion Splunk $18.28 Billion Cadence Design $17.62 Billion Synopsys $16.96 Billion NetApp $16.64 Billion Twilio $15.54 Billion Symantec $14.66 Billion Maxim $14.42 Billion Fortinet $14.05 Billion Western Digital $13.31 Billion Okta $9.13 Billion Juniper Networks $9.04 Billion Dropbox $8.84 Billion DocuSign $8.8 Billion Guideware $7.8 Billion Roku $7.08 Billion Nutanix $6.66 Billion Mellanox $6.42 Billion Integrated Device Tech $6.33 Billion Monolithic Power Systems $5.76 Billion New Relic $5.64 Billion Coupa $5.46 Billion Cypress $5.46 Billion Pivotal $5.43 Billion Austin: Dell $40.89 Billion SolarWinds $5.88 Billion National Instruments $5.87 Billion Boise: Micron $43.54 Billion Boston: Analog Devices $38.33 Billion Skyworks Solutions $14.02 Billion Akamai Technologies $11.6 Billion PTC $10.72 Billion Cognex $8.59 Billion IPG Photonics $7.85 Billion TripAdvisor $7.08 Billion Teradyne $6.81 Billion Hubspot $6.47 Billion Chicago: Zebra Technologies $11.23 Billion Dallas-Ft Worth: Texas Instruments $98.47 Billion Match $15.56 Billion Tyler Technologies $7.83 Billion Sabre $5.86 Billion RealPage $5.66 Billion Greensboro: Qorvo $8.62 Billion Hartford: SS&C $15.82 Raleigh: Red Hat $32.16 Billion Los Angeles: Activation Blizzard $34.85 Billion Snap $14.25 Billion The Trade Desk $7.14 Billion Alteryx $5.18 Billion Miami: Citrix $13.31 Billion The Ultimate Software $10.44 Billion Minneapolis Ceridian $7.05 Billion New York: Booking Holding Inc $77.82 Billion Take-Two Interactive $10.92 Billion Ubiquiti $10.39 Billion FactSet Research $9.32 Billion Etsy $8.30 Billion MongDB $7.94 Billion Xerox $7.31 Billion Oklahoma City: Paycom $10.92 Billion Phoenix: Microchip Technology $19.32 Billion ON Semiconductor $8.30 Billion First Solar $5.46 Billion Pittsburgh: ANSYS $15.1 Billion Raleigh: Cree $5.83 Billion San Diego: Qualcomm $68.44 Billion Teradata $5.14 Billion Seattle: Microsoft $897.11 Billion Amazon $871.11 Billion Expedia $17.52 Billion Tableau $10.7 Billion F5 Networks $9.14 Billion I think it's safe to say that the Bay Area is in no danger of losing it's crown as the Evil Empire of technology :shrug: |
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