Rust Belt Looks Pretty Good Right Now
April 29, 2018
The rising cost of living and doing business in the San Francisco area, along with diminishing returns, is leading many to claim that Silicon Valley’s bubble has burst. In its place, some interesting alternatives are cropping up. But is it possible, old rust belt cities could be the new hip area for startups? According to the New York Times, the answer is “Yes,” at least in its recent article, “Silicon Valley is Over, Says Silicon Valley.”
The story follows a bus tour of venture capitalists going to Detroit, South Bend, IN and elsewhere.
“In recent months, a growing number of tech leaders have been flirting with the idea of leaving Silicon Valley. Some cite the exorbitant cost of living in San Francisco and its suburbs, where even a million-dollar salary can feel middle class. Others complain about local criticism of the tech industry and a left-wing echo chamber that stifles opposing views. And yet others feel that better innovation is happening elsewhere.”
It certainly seems possible, with a cheap cost of starting up and a serious desire to rise, like in Detroit. Some are even calling the Motor City the new “Mobile City” calling it the new Silicon Valley of smart mobile tech. But there is a lot more to it than this and we can’t see the tent poles coming down from the Silicon Valley circus any time soon. There is too much money and too much talent in one place for a mass exodus. Sorry, Detroit.
Patrick Roland, April 29, 2018
Comments
-
- Subscribe to Beyond Search
Feature archive
News archive
-
