Tech Founders Are Paying $700 To Sleep In Small Pods To Afford San Francisco
San Francisco is considered the premium city of choice for tech companies. But recently, the city has been witnessing an exodus of many companies.?Tech companies have been leaving San Francisco and California in general owing to numerous factors including the economy; and crime and drug use, especially in the case of SF.
Sleeping in a pod in San Francisco
In the city, people are expected to pay up to $3,000 (Rs. 2,49,672) in rent for a flat. So, tech founders and workers have come up with a solution. They're now renting out sleeping pods for $700 (Rs. 58,250) a month.
A sleeping pod is the size of a twin bed. "So it's not very large but it gets the job done. You just need a place to sleep," Christian Lewis, the founder of Spellcraft AI told ABC 7 News.
Lewis is among many people moving to San Francisco amid the hype for artificial intelligence (AI). Lewis explained how their company is working with a lot of text-to-text. Why San Francisco, then? Lewis explained that he had met some of the smartest people he'd ever met in his life in the city, hence he's "living in a pod."
One of Lewis' sleeping pod neighbours is also an AI startup founder and moved from Canada a month ago. Haseab told ABC 7 News that SF provides a "diverse group of people" that enables new ideas, brainstorming, and more.
In their building, at least 20 people are renting sleeping pods - mostly from the AI community. San Francisco is called the "AI capital of the world." Even then, the city is facing numerous issues, especially in the downtown region. According to the city's health department, SF has more drug users than it has students enrolled in public high schools.