[quote=patientlywaiting][quote=fat_lazy_union_worker] All startups must become cash-flow positive — in other words, earn more than they spend. Or in other, other words, act like the real businesses they always should have emulated.
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Little old me has been saying the same thing for a while now.
San Diego tech companies that are cash-flow negative or not generating revenues will be in trouble. They won’t be able to pay those professionals who bought overpriced houses in the region.
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Except what percentage of companies are startups versus established boring companies?
The startup mentality is disprpportionally large in the bay area.
I don’t have the answer for what it’s like in SD.
BUT…It’s a myth if you think startup companies ever paid professionals “well” to begin with, except the CEO and executive staff. And I’m sure those folks have assets more so the average j6p. The entire point of a startup was trading upfront cash for future equity. Common thing in silicon valley as well…Also health/healthcare is probably a different beast from pure hardware/software geeks. Short of life support systems, transit systems, etc, a lot of software/hardware is not considered “essential”.
