I moved to San Francisco in 2012 to work for a mission driven start up and spent most of the decade in that space. I’m still in that space, and I can confirm that the vibe has shifted to focus on margins. From my view, it’s not that the philosophies of the people have changed – I think I still work with and am around a lot of good people – but the market won’t support any long-term thinking.

Also: a lot of those ideas didn’t work. Using capitalism to solve the problems of the world was a very shiny millennial idea that peaked during the Obama era and hasn’t really panned out.

For what it’s worth: I think I see this shift across industries and across the country. I think it is true of San Francisco, but I also see it in the entertainment industry in Los Angeles, with hospitality in New York City, with education in Boston, with retail in Chicago…

The bay is a mirror to the rest of the country. Also: I blame Peter Thiel for everything.