Technology Companies Still Prefer San Francisco
By: Leon Castles
on Monday, May 21, 2012
Technology companies continue to be very much interested in launching their new offices in San Francisco. Many believe that Austin also has the potential to provide the same kind of features that startup companies look for. While Austin is doing really well in terms of employment, many top experts that have been in the field for many years believe that business is better in San Francisco simply because new business owners need better finance and investments schemes and that is easier to find in San Francisco than Austin.
The San Francisco Bay Area and the financial district of San Francisco has been getting lot of attention because of the better investment options that the city provides. Many of the top executives at the CEO Summit 2012 said that San Francisco is a better destination than Austin because there are more investors in San Francisco than Austin. In Austin investors are really concerned about their investments, but in San Francisco most of the investors are risk takers and therefore they are willing to provide more money to start-up companies. There are many new business owners that feel the same way that Austin might be good in terms of bringing more employment to Texas but San Francisco should be the ideal location for most of the new business companies because of the venture capital firms that are ready to take the risk.