San Francisco Spent a Decade Being Rich, Important, and Hating Itself

Re:San Francisco Spent a Decade Being Rich, Important, and H... by tempsy on Sunday December 22, 2019 @01:59AM (#21855704)

Uh no. My point was that being a tech worker in SF, even at a “unicorn”, does not automatically mean you’re going to be rich, and that anyone who invested their savings in public equities available to anyone could’ve turned a modest amount of capital into something much larger without having anything to do with SF or working in tech.

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Re:San Francisco Spent a Decade Being Rich, Important, and H... by doublement on Sunday December 22, 2019 @02:02AM (#21855715)

There's a huge difference between an average person in a random place investing $10K left over after their bills are paid, and an SF tech employee working with at 5-10 times that amount.

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Re:San Francisco Spent a Decade Being Rich, Important, and H... by tempsy on Sunday December 22, 2019 @02:11AM (#21855742)

Again depends. Not everyone is working at a FAANG, meaning if they have been working at private tech co yet to IPO then their equity comp is all illiquid so they don’t necessarily have a ton of cash.

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