Maria Montero

Some reassuring data for those worried unicorns is tearing the Area apart …

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The San Francisco Bay Area is a global powerhouse in launching startups dominating its industries. For the locals, this has always been a blessing and a curse.

On the bright side, the tech startup machine produces high-paying tech jobs and dollars that flow into local economies. On the other hand, it also exacerbates housing shortages and high living costs.

These topics were the biggest thing before the unicorn boom: Intel’s tech giants after all to Google to Facebook They have been expanding in Northern California for more than four decades. Lately, however, the question of how many tech giants the region can sustainably support is getting fresh attention, such as Pinterest, Uber. and other high-value local companies embarking on the IPO route.

Concerns of tech oversaturation led us to Crunchbase. News to see the question: To what extent do technology companies launched and based in the Bay Area continue to grow here? And what part of the employees work elsewhere?

For those dying over the inflationary impact of the local unicorn boom, the data offers a bit of reassurance. While companies founded in the Bay Area rarely move their headquarters, their workforces tend to disperse geographically much more as they grow.

Headquarters ≠ staff

Just because a business is headquartered in Northern California doesn’t mean that most workers are there, too. Headquarters, our survey shows, doesn’t always translate to staff.

“Headquarters location can often be the wrong benchmark for identifying where employees are,” said Steve Cadigan, founder of Cadigan Talent Ventures, a Silicon Valley-based talent consultancy. That is particularly the case for large technology companies.

Among Northern California’s largest tech companies, Crunchbase News found that most have less than 25 percent of their full-time employees working in the city where they are based. We present the details of 10 of the most valuable regional tech companies in the table below.

With the exception of Intel, all of these companies have double-digit percentage of employees at headquarters, so it’s not like they’re leaving town. However, if you’re a new hire at Silicon Valley’s most valuable companies, it seems like you’re more likely to be headquartered away from headquarters.

Tesla Meanwhile, it is a somewhat unique case. The company is based in Palo Alto, but it doesn’t crack the list of the city’s top 10 employers. In nearby Fremont, Yet in California, Tesla is the city’s largest employer, with roughly 10,000 workers working at its auto plant there (Tesla has about 49,000 employees worldwide).

Unicorns flock to San Francisco, workers not so much

High-value private and recently public technology companies can also be quite dispersed.

Although they tend to have a higher percentage of employees at headquarters than the more established tech giants, the unicorn crowd likes to spread their wings.