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1/I’ve embraced remote work completely like all tech folks have been forced too, & I’m afraid & inspired that the gains are so significant for employees that many/most will not go back to offices
This is going to lead to a crazy, competitive chess board for funds & startups.
This is going to lead to a crazy, competitive chess board for funds & startups.
2/Some companies will be able to draw top talent and demand they come to the office (think: Apple, FB, Google)
Companies that do real-world things like build cars or rocketships, will obviously be able to draw people to an office
For knowledge workers??
Companies that do real-world things like build cars or rocketships, will obviously be able to draw people to an office
For knowledge workers??
3/Nope. The top developers, writers, sales executives, product people, marketers, investing, finance executives, etc. will be able to say the following to big companies:
"I am only looking for job opportunities that allow me to work from home."
That's it. Done. Employees win.
"I am only looking for job opportunities that allow me to work from home."
That's it. Done. Employees win.
4/Now, of course, some folks WANT to get out of their tiny apartments or houses, and will GLADLY go to the office.
However, much of the top talent will take 10-25% less compensation to set their own schedule and work from a dream location
This is the way (now).
However, much of the top talent will take 10-25% less compensation to set their own schedule and work from a dream location
This is the way (now).
5/How will this impact startup investing? From personal experience I can tell you that investors can meet with at least 2x the number of startups on Zoom then in person--probably more like 3x to be totally honest.
That's extremely powerful for returns I believe.
6/How will remote work impact founders who are fundraising? Well, the BEST founders can close deals on Zoom because they are THE BEST
the founders who need to waste time coming to San Francisco will be a NEGATIVE SIGNAL!
Think about that for a long moment investors.
7/What does this mean for Silicon Valley?
It's still going to be the capital, but if you are an established name ( @rabois) you will see zero change in your ability to invest in great companies on Zoom
SV will become a giant Google, Facebook, Salesforce, & Apple campus... BUT
It's still going to be the capital, but if you are an established name ( @rabois) you will see zero change in your ability to invest in great companies on Zoom
SV will become a giant Google, Facebook, Salesforce, & Apple campus... BUT
8/The great startup investors & the next generation of startup founders DO NOT WANT to come to San Francisco
The founders only came here for the money/talent--they don't need to anymore!
This means Miami, Austin, Reno, Utah, etc. are all going to have more unicorns
The founders only came here for the money/talent--they don't need to anymore!
This means Miami, Austin, Reno, Utah, etc. are all going to have more unicorns
