Reddit cofounder Alexis Ohanian: San Francisco is great but 'no one in their right mind' will build a company here anymore

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The cofounder turned investor thinks more employees will normalize remote working options to counter rising costs of doing business in Silicon Valley.

, founders set the example for the entire workforce and can't rely on brute forcing their success.

"In the Valley we are mired in the 'butts in seats' mentality," Ohanian said."But companies that grow and are entirely decentralized, they have the strongest company culture. They have to. They overthink company culture because it's core to their survival.", knowing he would be traveling often for business and personal reasons, and so has created an environment ideal for remote employees.

"Initialized was built to operate as a decentralized company, and I know it makes us a better firm because I'm not just in Silicon Valley problems and Silicon Valley solutions," Ohanian said.with leading the charge on remote working and thinks more companies will be forced to accommodate remote workers as younger employees begin joining the corporate workforce.

"One of the best parts of this new generation, Gen Z and Millennials to a certain extent, is that they are optimizing around experiential living," Ohanian said."Our parents were really into that white picket fence thing and we just aren't."

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SAI My grandparents live in San Francisco and it’s actually disgusting how bad the economy is compared to here in Texas

Come to Toronto

techinsider 🤔 Does San Francisco need another company to headquarter itself there?

The South is open for business! Come-on-down! The price is right.

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