It has actually been an extremely difficult duration for everyone the past few months as the international COVID-19 pandemic has eliminated entire markets from the financial map. While tech has actually been among the most durable markets in the face of this catastrophe, the severe mobility of the market’s labor force asks large questions about what the future of startups and work will look like moving on.
We have actually discussed what COVID-19 will do to the rise of the college town as startup centers and how the pandemic will alter the way we work in coffeehouse and communities. Now, we want to resolve one of the bigger concerns that has been badgering us: Will tech continue to centralize in hubs like San Francisco and New York City, or will remote work and all the other second-order results cause a more decentralized startup ecosystem?
We have three perspectives from our writers, with wildly different predictions about what the future has in shop.
First, we have Danny Crichton, who thinks that tech, and especially the VC market, will remain as focused as ever, although where it is focused will possibly shift a bit. Alex Wilhelm asserts that startup growth outside major hubs will really speed up, spreading tech wealth even farther outside the cities. Natasha Mascarenhas argues that the combination of the financial dislocation of COVID-19 and the increasing attention to equity in tech will cause more extreme investment outside core start-up hubs.
Danny Crichton: A new Napa Valley café reveals why in-person networks matter
Initially there was Sand Hill Road. There was South Park. And now there’s Solbar at Solage in Calistoga.
Despite the broad schedule of remote work tools over the past 20 years, VCs have always unbelievely gathered in extraordinarily tight quarters. VCs weren’t brought in to Sand Hill’s low-slung office complex for the architecture, which were and are a fear to eyes with a taste for anything more sophisticated than “here be four walls and a roof.” VCs didn’t head to South Park to enjoy what Google Maps calls a “tree-lined oval garden” nestled between light commercial buildings. And they aren’t heading to Solbar in Napa Valley for Californian food and a dining-room conveniently closed on Partner Mondays.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.