Read the full story in Wired.
High-profile entrepreneurs like Elon Musk, venture capitalists like Peter Thiel and Keith Rabois, and big companies like Oracle and HP Enterprise are all leaving California. During Covid-19, Zoom-enabled tech workers are discovering the benefits of remote work from cheaper, less congested communities elsewhere. Though working from home was intended to be a temporary measure for millions of workers in the early days of the pandemic, there is now no clear end in sight. Almost a year later, workers continue to untether themselves from city centers as companies permanently go remote and rethink how they conduct business.
Is this the end of Silicon Valley as we know it? It is my belief that it is—but the reasons why the Silicon Valley party may soon be over run far deeper than the flight of talent. One of the most compelling is that the greatest opportunities will no longer be found in the overbuilt sector of consumer and business internet applications. Instead, they’ll be found in climate tech.