According to the Wall St. Journal, the Top 5 “youth magnet cities” are:
1) Washington DC – Didn’t realized that’s how they spelled San Francisco.
3) New York
5) Austin – Washington DC
My main question is: “Where is San Francisco?!” When I can walk over to the headquarters of Twitter and ask the VP of development why my Twitter account name can only be @FinancialSamura and not @FinancialSamura(i), grab a bite to eat with Googler‘s across the street at the Water Bar, and then go drink some beers with some marketers at Facebook, how can San Francisco not be one of the Top 5 magnet cities for youth? Yes, the city is a little bit expensive ($500,000, 600sqft studios anyone?), but these young guns all make a lot of money, and they are going to make a ton more once they get acquired or go public! Oh yeah, ever heard of YouTube? They’re based here too as I was reminded one day checking out a $2.5 million open house for fun. The agent told me the young 28 year old lady and her husband were selling to move back home to Iowa!
San Francisco and Silicon Valley are the absolute meccas for social media, venture capitalism, and the internet. Every single management consulting firm and major financial institution (a populist “boo”) are here too. If you’re in college, or are thinking about transferring to a new city, think about San Francisco. Take it from a guy who has lived in DC, New York City, and has been on countless business trips to Portland and Austin, San Francisco rocks!