3. Startups spread beyond Bay Area
More startup founders are forgoing Bay Area and its sky-high rents and intense competition for engineering talent. Instead, they're setting up shop in places like Austin, Seattle and even New Mexico, Axios' Ina Fried writes from S.F.
- Why it matters: As tech becomes a growing part of the economy, Silicon Valley doesn't have to be home to most new startups.
Where to go: As for which cities will benefit, Bloomberg Beta partner Roy Bahat said to look at where Google, Apple and others are setting up shop.
- "If you want to see where founders of the future will go, look at where today's successful companies are opening new offices," he said. "Every hire in one of those offices could be tomorrow's extraordinary founder."
- That means cities like Seattle, Portland and Austin that already have their share of tech growth — but also emerging tech hubs like Atlanta, Northern Virginia and Indianapolis.
Be smart: Silicon Valley isn't going anywhere, and for every startup or founder who leaves the Bay Area, someone else graduates from Stanford or wants to move there. This is about tech becoming a bigger part of the overall economy.