Mithril Capital Management Is Leaving the Bay Area | Hacker News Reader

Mithril Capital Management Is Leaving the Bay Area

techcrunch.com

41 pointspetethomas12 comments

> After [I was an] undergrad at Yale, New York was a natural place to go, but I never worked there. It just felt like a place that was externally very pressurized. You had to conform to the external pressures that dictated your daily life. Your rent was $4,000 to $6,000 a month for craziness for like a walk-up in Hell’s Kitchen. Social structures were fairly set, like, you had to go to the Hamptons in the summer or something. There were these weird things that felt very dictated and you had to fit and you had to climb the pyramid schemes that people had established for you. Otherwise, you were out.

I feel this has more to do with being an undergrad at Yale (estimated living alumni ~170,000) than New York (population approaching 9 million at the heart of densely-populated region approaching the population of the whole of Australia).

I live in New York. I recognise the folks he describes. But I don't have to live in the same New York as they do or he feared doing. This isn't a small town where it is literally physically impossible to avoid encountering the same people every week.

New York gives you an endless canvas, but it's up to you to work out what kind of paint you are.

This. I grew up in NY. My rent is under $2000, and growing up I didn't know anyone who made over $100k (median family income in NYC is 50k).

I also lived in New York. I think there is merit to what he is saying though.

I grew up in the suburbs and couldn't understand the appeal of the Hamptons AT ALL. 'Wow overpriced suburbs because New Yorkers don't know everything worldwide is cheaper'

Look, New Yorkers literally put the ABILITY to barbecue on a pedestal because of the scarcity of that ability, they are extremely out of touch with the world.

The Hamptons isn't a big deal architecture wise or geography wise. The status symbol is. New York is very one-dimensional in that regard. You are right, you don't have to play along, that doesn't mean it is devoid of consequences.

Exactly. NYC isn't middle school.

Can't wait to see more follow suit. The more cities with good tech jobs the better, since that gives all us software engineers options besides Silicon Valley.

Did they they delve too greedily and too deep?

I feel like they're learning from the mistakes of their forbears and getting out before the getting's truly bad...

thank you. this made my internet today.

I am thinking they are moving to a new target after having helped in the destruction of SF, or is too harsh?

"TC: ... What about employees who are waiting to cash out?

AR: They want more stock, so we’ve created the equivalent of stock options that are tied to value creation."

Is this RSUs or something more exotic?

So. f'ing. what.

Narcissistic followers of reality-show fascists are free to leave. More the merrier.

I don't know what a reality-show fascist is, but could you please post civilly and substantively or not at all?

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