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United States Businesses Technology

Could High Bay-Area Prices Make Sacramento the Next Big Startup Hub? 190

Posted by timothy
from the cost-of-living-is-important dept.
waderoush (1271548) writes "Don't laugh. As the cost of housing spirals out of control on the San Francisco peninsula, neighboring metro regions like Sacramento are beginning to look more attractive to startup founders who prefer a Northern California lifestyle but haven't worked in the Silicon Valley gold mines long enough to become 1-percenters. Today Xconomy presents Part 1 of a two-part look at innovation in the Sacramento-Davis corridor and efforts to make the region more welcoming to high-tech entrepreneurs. In Sacramento's favor, there's a talented workforce fueled by a top-20 university (UC Davis), space for expansion, proximity to the ski mountains at Tahoe, and a far lower cost of living — the average house in Sacramento is selling for $237,000, compared to $909,000 in San Francisco. The downsides include a shortage of local investment dollars and a lower density of startups, meaning there's less opportunity for serendipitous collaboration. But locals say recent efforts to boost the local high-tech economy are working. 'I really feel like we are in a renaissance area,' says Eric Ullrich, co-founder of Hacker Lab, a Midtown Sacramento co-working space."
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Could High Bay-Area Prices Make Sacramento the Next Big Startup Hub?

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  • Downsides (Score:2, Informative)

    by Anonymous Coward on Thursday May 15, 2014 @02:46PM (#47011211)

    The downsides include a shortage of local investment dollars and a lower density of startups

    ...and that it is hot as balls there. It really is not a pleasant place to live as far as weather goes. That won't help to attract people.

  • by bazmail (764941) on Thursday May 15, 2014 @02:54PM (#47011299)
    Full of over-entitled punks talking shit in an incestuous echo chamber. I lived there for a few months not so long ago as part of a system roll-out job. Shopkeepers, bar staff and cab drivers said they were constantly being abused and condescended to by them. Its gotten really really bad.

    When the property bubble pops there, it will be sweet.
  • Damn Right (Score:3, Informative)

    by Anonymous Coward on Thursday May 15, 2014 @02:58PM (#47011347)

    As someone who founded an edtech startup in Sacramento, I can say Sacramento is a great place to live without the high cost associated with living in the bay area. This lower cost of living translated into a better investment for our finical backers.

    We are one of the most diverse cities in the entire world. We have some of the best produce in the world along with a lot of very good restaurants. We have more trees per capita then any other city in North America. We have one of the best bike trails in the world.

  • by Enigma2175 (179646) on Friday May 16, 2014 @01:01AM (#47015223) Homepage Journal

    Isn't every "high tech hub" an instance of this working? They weren't hubs from the very beginning after all.

    Not really, Silicon Valley is only in California because William Shockley's [wikipedia.org] mother lived in Palo Alto and had failing health. If Shockley didn't found his company in the Bay Area it is highly unlikely that it would have the technology presence it has today. Every place that touts itself as "The next Silicon Valley" overlooks the fact that Silicon Valley started by happenstance.

Sigmund Freud is alleged to have said that in the last analysis the entire field of psychology may reduce to biological electrochemistry.