11:00 am
Tue Mar 12

San Francisco Is Pricing Itself Out of the Startup Market (OFFICIAL)

JW Marriott Austin
110 E 2nd Street, Austin, TX, 78701
0.61km W

This is an official event. More info on badges, wristbands & priority access.

JW Marriott

Room 203-204

110 E 2nd St.

Speakers

Michael McGeary

Upwork

Amy Nelson

Venture For America

Amol Sarva

Knotel

Claire Vo

Optimizely

The San Francisco area is poised to cede its 50-year dominance in tech innovation. The reason: a victim of its own success, the area now faces a death spiral of unsustainable real estate prices. With commercial real estate prices hovering at 2-3x the national average, it’s becoming increasingly challenging for startups to locate there. Given that real estate is the second biggest expense for businesses after payroll, it's no wonder that Peter Thiel complained recently that most of his investments wind up in the pockets of slumlords. We will explore how current urban models and investor preferences put most tech-friendly cities on a dangerous path to becoming luxury products for a new urban elite. What can founders do to make markets work for the masses again?

Primary Entry: Platinum Badge, Interactive Badge

Secondary Entry: Music Badge, Film Badge

Format: Panel

Event Type: Session

Track: Future Workplace presented by ADP

Level: Intermediate