The city is trying to lure in Silicon Valley types, but does it want Silicon Valley’s problems too? (From 2021)
Lando started his career in Silicon Valley, living in the shadow of the tech giants. The environment was intoxicating, he said, but also limiting—the best of the Bay Area had already been made. Miami, on the other hand, was more of a blank canvas. When his friend and business partner Jon Oringer made the move, he figured it might be an opportunity to start something from the ground up. “There’s this debate about whether it’s hype,” he said.
Crego had moved to Miami six years earlier, the culmination of a lifelong dream to escape Rochester, New York. He conducted business mainly on Miami Beach. Lately, work had been nonstop. “People used to buy a condo as, like, a crash pad to come from New York. We didn’t generally see people coming from LA or San Francisco, ever,” Crego said. “Now we have an inventory problem.” Most of the houses he showed were on the market for less than a day.
Russell, who used to sell surfboards for a living, is also heading up a Tech Equity Task Force—to “ensure that a wave of tech investment in our city will be ridden by all.” He said he’s working with a few Miamians to lead the charge, including Felecia Hatcher, cofounder of the Center for Black Innovation. But when I asked Hatcher what she and the commissioner had planned, she seemed surprised. “I didn’t know that was still happening,” she told me.
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