22 Jul '13, 4pm

San Francisco magazine | All Dogs Go to Startups

At the Mars Bar in SoMa, the drinks were flowing earlier than usual. With Pinterest offices across the street, Adobe around the corner, and several dozen startups within a one-block radius, the decked-out watering hole always draws an excitable high-tech crowd. But on this afternoon in early June, the patrons had come to the bar not to celebrate but to commiserate. Earlier that day, Zynga had announced the layoff of 520 people, a number of them from its San Francisco headquarters. The social gaming company had also shut down its offices in New York, Los Angeles, and Dallas in what CEO Mark Pincus called a “proactive commitment” to reinvigorate the struggling business. (A few weeks later, Pincus himself would step down.) As it turned out, though, there was a distinctly silver lining for those who were let go. One company’s castoff is another’s treasure, particularly in San ...

Full article: http://www.modernluxury.com/san-francisco/story/all-dogs-...

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