Ugh. First Google and now Apple moving into the Triangle. While this is mostly good news for the area in general, I think it's very bad news for the Triangle startup scene. A thread... https://twitter.com/TriBizTech/status/1386639716083245058

1) Increased competition for already scarce engineering talent

2) Fewer new entrepreneurs as Triangle residents already tend to be career risk-averse. This gives even more safe alternatives to "making the leap".

3) Some existing Triangle startup advisors and luminaries will get lucrative offers to give these companies local cred and access to local networks

4) SIGNIFICANT salary inflation
From Lauren's article:
"Apple is planning to pay average wages of at least $187,000"

!!!

5) Housing prices go up. Already low inventory goes even lower. Competitive bids will be the norm. (good for sellers, not for buyers)

6) Congestion goes up
Google/Apple moving in will offset lower commute rates and get us back to pre-COVID (or worse). And traffic is only one form of congestion: shopping, parks, entertainment, etc. will get busier. I get this is an anti-growth argument, just laying them all out