@adamnash The ethos is carrying on around the world. But in SV isn't just FB and Google and Salesforce et. al just gobbling everything up?

@salwilliam Nope. More new companies than ever, and far more than any other geography.

@adamnash Would love to know your thoughts on the effects on housing markets /taxes/political leanings on destination cities and states as well as effect on California budget. It's about the impact outside of technology/venture capital/startups that affects most Americans.

@pamelamgust Can’t speak to political impact. Very unhappy about losing @Tesla , as it was test case for bringing manufacturing back to California. None of the announced moves seem material for the CA budget, especially given the tidal wave of capital gains taxes coming in 2020/21+.

@adamnash <Apple has entered the chat>

@seanrose I don’t think the spaceship can fly anywhere. 😉 The fruit company has no issues recruiting in Silicon Valley. They are running out of space, and the housing crunch is real. But San Jose expansion helps.

@adamnash Only $130B of revenue. Customers sure think those companies aren’t competitive.

@rkorny Maybe you’re right and the talent in Silicon Valley is wrong. It’s possible. But that’s why this is a win-win. Old incumbents who are just harvesting cash flow should relocate to labor markets where people prioritize that type of opportunity. Silicon Valley doesn’t. 🤷‍♂️

@adamnash @brianlaungaoaeh Does that include VC incumbents?

@daniel_r_james @brianlaungaoaeh Absolutely. They have to earn it every cycle. Look at A16Z & KPCB for example. There are over 1000 new seed funds in the last 5-7 years.

@adamnash I googled “old incumbent”...

@adamnash It’s tough to lose sleep over the departures when I’m more excited for what will replace these entrenched sloths. It’s winter now, but soon it’ll be spring, and the cycle will begin anew.

@adamnash what's crazy is that the "incumbents" can be less than ten years old

@adamnash Agree.

@adamnash But what about the new breed of ‘incumbents’ like Google, Salesforce, Microsoft et al, who stifle innovation by acquiring or crushing disrupters? I don’t call that vibrant.

@jdh Oracle. HP Enterprise. Cisco.

@adamnash In fact, this is the singular feature of Silicon Valley that enables itself to reinvent so many times without ever getting stagnated.

@koberg True. @Tesla @SpaceX very concerning, although locating manufacturing in California is a hard case to make right now...