Read on Twitter
1/ Every decade or so (with visions of advertising $ dancing in their heads) the East Coast media - usually led by the @nytimes - discovers #California and sends a reporter or two to move here. https://www.nytimes.com/2021/01/14/technology/san-francisco-covid-work-moving.html?referringSource=articleShare
2/ Being acute observers of direct flights to JFK and IAD, they set up shop in San Francisco or Los Angeles and discover $15 burritos or $25 craft martinis.
3/ Soon it’s time for the inevitable SF or LA is the next Detroit story. With anecdotes from a CEO, a rich investor and their college friends, everyone is moving out of #California
4/ Missing the vibrancy that is #California capitalism, the 2 HQ moves get reported but the 127 unicorns heading toward public markets gets ignored. As does anything East of I5. Still looking for the stories from Fresno or Riverside.
5/ Yogi Berra would be proud. No one goes there anymore because it’s too crowded. Bay Area real estate prices ROSE 17% in 2020
6/ Worse yet are those leaving who as @hknightsf says, “can be a real jerk about it by stomping off and complaining it was a terrible party anyway — even though you drank more than your share of cocktails, scarfed down the fancy food and manspread on the couch....”
7/ “They scooped up the tax breaks and enjoyed the proximity to talent, universities and capital throughout the decade-long boom. Now, they’re hightailing it to Austin, Miami or elsewhere as soon as the going gets tough.” https://www.sfchronicle.com/bayarea/heatherknight/article/Tech-titans-give-S-F-the-finger-as-they-flee-15875504.php
8/ Meanwhile, “ #California is emerging as the de facto policy think tank of the Biden-Harris administration and of a Congress soon to be under Democratic control.” https://www.latimes.com/politics/story/2021-01-17/make-america-california-again-how-biden-will-try
9/ “Once again,the world’s fifth-largest economy, is leading the way.The state is developing its own distinctive political economy, “California Capitalism,” through fiscal responsibility,innovation, & cross-sector partnerships to foster inclusive,”sustainable, long-term growth.”
