Car companies sell commodities and thus have low valuations. Of course Tesla doesnât want to thought of as just a car company. But once it is the market cap and stock value will drop.
well, yes, there always have been, right? SCO Unix⌠âSanta Cruz Operationâ
Scotts Valley has a few (old) tech companies on Scotts Valley Dr. Seagate used to be headquartered there but they moved in 2010 to Cupertino. Does anyone remember Soundblaster? They have an office across the street from the old Seagate building.
There are newer startups too, but they have trouble hiring enough engineers. I used to work at Scotts Valley based startup. The founder and first 5-10 people were all from Santa Cruz. About 25 people from âover the hillâ. They wanted to grow more and had to move to North San Jose for that reason.
I donât know of any other tech company with the recognition of Amazon in Santa Cruz.
Thatâs a really small office. Plantronics is there too. The tech companies in SC seem to think they can pay 50% of what companies in the valley pay. Their pitch is you get to live in SC. The issue is housing in SC isnât cheaper, so itâs pretty tough to justify the 50% pay cut.
My new boss lived in SC before moving to Seattle. She kept her home (ocean view) and was renting it out as a vacation rental. Someone was checking vacation listings and contacted the vacation management company. They made an unsolicited offer that was good enough to get her to sell. That might be a good way for people looking for off-market deals.
33 jobs posted with some of them âmultipleâ. The friend who emailed me about this new office mentioned a total of 100 workers. I wouldnât call 100 âreally smallâ.