There's been a ton of speculation of what Silicon Valley is going to look like after the pandemic when companies return to work. I've been interested in this for several years and I thought I'd add data to the conversation based on our founder surveys: https://blog.initialized.com/2021/01/data-post-pandemic-silicon-valley-isnt-a-place/
The reality for us is that Peak Bay Area -- as in the % of companies based in the Bay Area per fund -- was actually seven years ago in 2014. In the 2018 fund, fewer than half of the companies are based here. https://blog.initialized.com/2021/01/data-post-pandemic-silicon-valley-isnt-a-place/
A month before lockdown in Feb. 2020, just under 1/5th of founders in our two most recent funds told us their companies were fully decentralized. https://blog.initialized.com/2021/01/data-post-pandemic-silicon-valley-isnt-a-place/
Post-pandemic, we expect the share of fully decentralized companies will double to just over one-third: https://blog.initialized.com/2021/01/data-post-pandemic-silicon-valley-isnt-a-place/
Post-pandemic, the Bay Area will still be the leading physical hub for the industry. But it will be second to the cloud.
You can see 2020 vs. 2021 numbers here: https://blog.initialized.com/2021/01/data-post-pandemic-silicon-valley-isnt-a-place/
You can see 2020 vs. 2021 numbers here: https://blog.initialized.com/2021/01/data-post-pandemic-silicon-valley-isnt-a-place/
For the almost two-thirds of companies that expect to have offices post-pandemic, most would plan for employees to come into the office two or three days a week: https://blog.initialized.com/2021/01/data-post-pandemic-silicon-valley-isnt-a-place/
The majority of our founders also don't expect to make salary adjustments based on local market rates: https://blog.initialized.com/2021/01/data-post-pandemic-silicon-valley-isnt-a-place/