Up-and-comer competition inspires Silicon Valley to be shaken

As we all know, Silicon Valley as a global creative center, the genius of engineers gathered, has been entrepreneurs realize the dream and self-worth of the Paradise, a group of entrepreneurs in Silicon Valley to create a new history. From this perspective, the availability of office space and relatively loose tax laws are attractive to most startups, so they are willing to choose Silicon Valley as a starting point for entrepreneurship. This has been the case for decades, and Silicon Valley is the Mecca for many technology companies and start-ups, and the choice of Silicon Valley means a good start.

But in recent years there has been a wave of competition to challenge Silicon Valley as the world's center of Science and Technology, with Silicon Valley's neighbour, San Francisco, one of them. San Francisco is catching up and fast, according to the Wall Street Journal. San Francisco now has a technology workforce of 94,000, up 10% from a year earlier. San Jose, the capital of Silicon Valley, has a technology workforce of 211,000, although it is not a digital one, but San Jose has a 10% growth rate far exceeding 3% of San Jose's.

In addition, San Francisco's mayor, Ed Lee, has been a pro-Pro for the local creation of more tech jobs, as evidenced by the recent agreement between Twitter and Airbnb to stay in San Francisco. And the San Francisco government is constantly introducing new policies to attract more companies to stay behind. Even under the guidance of San Francisco's preferential policies and new entrepreneurial spirit, more new companies are moving into San Francisco, with rumours that companies such as Pinterest and benchmark Capital are planning to relocate the company to San Francisco.

Given that the gap between San Francisco and Silicon Valley is getting smaller, for many entrepreneurs, whether it is San Francisco or Silicon Valley as a starting point, there are times when it is hard to choose and there are too many factors to consider. In response to this issue, Greylock,riviera,cushman &wakefield and other VC company team composed of a information graph, the chart lists a number of entrepreneurs are more concerned about factors, and more importantly, The information graph contrasts the San Francisco and Silicon Valley in detail:

Employment Opportunities:

San Francisco offers nearly 60% of the engineers ' jobs, which is definitely a big attraction for many tech companies.

Average Employee Pay:

The average employee in San Francisco is 112,000 dollars, although it is still below the Silicon Valley's 118,000 dollar average, but the gap is shrinking.

Office Rent:

In the Silicon Valley area, the Palo Alto downtown office rent is $5.78/sq. ft/month, Standford Park is 4.81 USD, Menlo Park is 5.21 dollars; and then take a look at San Francisco, with an average rent of 3.55 dollars/sq ft/month, By looking at the data, you know why startups want to flee to San Francisco.

Office Space Availability:

The vacancy rate in the heart of Silicon Valley is nearing saturation, as a large number of companies flooded into Silicon Valley, while San Francisco's vacancy rate is as high as 14.1%, which can accommodate more start-ups.

Of course, San Francisco and Silicon Valley is the best, I believe the majority of entrepreneurs have their own destiny. But San Francisco is trying to make itself more attractive and makes it easier for entrepreneurs to make decisions, believing that San Francisco will be the preferred choice for more and more entrepreneurs.