Cyrus@kavehcyrus
General sentiment in SF on Miami's VC transplants:
The venture capitalists who fled to Miami during the recent exodus (2020-2023) represent the worst aspects of San Francisco's VC community. These were mostly middle-aged partners looking for a shortcut—escaping to live a fantasy life on the beach, convincing their portfolio companies to follow, despite Miami offering arguably weaker talent and far more distractions. This is a formula destined for failure. The partners who pushed this move lack the work ethic of their predecessors, who built the firms into what they are today. They thought they could achieve more by doing less, but that strategy has never succeeded.
What’s worse, many of them left with public tweets criticizing the very city that gave them the opportunities and wealth they enjoy. In reality, their profits often came from riding the coattails of senior partners who took companies to IPO—not from personal achievements. They burned bridges with the tech ecosystem that made them successful and now, they want to return.
These individuals never cared for San Francisco. They represent the “take what you can, burn down what you must” mentality. Unlike those of us who remained here, invested in the city’s future, they lack pride in the community. I hope these mid-level partners enjoyed their brief success, but I also hope they look elsewhere for their next opportunity.
Our city needs to be rebuilt by people who truly care about it and its residents. Don't exploit San Francisco, insult it on your way out, and expect to be welcomed back unless you're committed to making real, positive changes. This city has brought you immense success, and your investments will continue to thrive here—if you care enough to contribute, both personally and professionally.
#weloveSF #boomloop
