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What’s the deal with Big Tech and Texas?
@Oracle is moving its headquarters from Redwood Shores, California, to Austin, Texas.
The move is the latest in a string of tech giants fleeing Silicon Valley for the Southern state.
https://www.businessinsider.com/oracle-moving-to-austin-hq-silicon-valley-texas-2020-12
@Oracle is moving its headquarters from Redwood Shores, California, to Austin, Texas.
The move is the latest in a string of tech giants fleeing Silicon Valley for the Southern state.
https://www.businessinsider.com/oracle-moving-to-austin-hq-silicon-valley-texas-2020-12
Big Tech has a long history in Austin, Texas.Here's how the industry has ballooned in the state capital — and why "Silicon Hills" is so appealing to workers and companies alike. https://www.businessinsider.com/austin-texas-silicon-hills-tech-capital-city-photos-2019-2
The migration has appeared to grow more pronounced during the pandemic as people adapt to working remotely. Austin's considerably lower cost of living offers a nice reprieve from the sky-high costs in the Bay Area, writes @KatieCanales1. https://www.businessinsider.com/austin-texas-silicon-hills-tech-capital-city-photos-2019-2
Business Insider crunched the numbers on which Texan cities are getting the biggest boosts from Americans moving in from other parts of the country.Austin-Round Rock had a net migration of 355,902 between 2010 and 2019, coming in at number one: https://www.businessinsider.com/texas-cities-everyone-is-moving-to-2019-11
So who has moved to Austin? Tesla founder and SpaceX CEO @ElonMusk confirmed on Tuesday that he's moved to Texas. https://www.businessinsider.com/tesla-ceo-elon-musk-confirms-move-to-texas-2020-12
Dropbox CEO @drewhouston is also moving to Austin, according to a report from The Information. https://www.businessinsider.com/dropbox-drew-houston-moving-to-austin-report-2020-11
In fact, a @SlackHQ channel for Y Combinator founders who moved from San Francisco to Austin had to be capped at 150 because "there were too many people." https://www.businessinsider.com/company-slack-channel-yc-founders-moved-austin-2020-12
It’s not just people moving to Austin — it’s firms, too. Palantir co-founder Joe Lonsdale had already moved his family outside of the Bay Area.
In early November, he confirmed that he was moving his firm @8vc to Austin as well. https://www.businessinsider.com/joe-lonsdale-palantir-8vc-firm-moving-sf-to-austin-2020-11
Insurance startup @TheZebraCo moved to East Austin in 2019. Cofounder @dziabiak told Business Insider that he chose to make the move after a visit to the city during its annual music and arts festival @aclfestival. https://www.businessinsider.com/the-zebra-office-tour-austin-tech-market-2019-10
Meanwhile, Hewlett Packard Enterprise is moving its Silicon Valley HQ to a different Texas city, Houston.Following the report, Texas Governor @GregAbbott_TX tweeted: "Texas remains the best place in America to do business." https://www.businessinsider.com/hewlett-packard-enterprise-moving-hq-houston-texas-2020-12
Tesla also has a Cybertruck factory under construction in the Austin area. Here are the top cities in Texas where entrepreneurs are starting companies and raising capital: https://www.businessinsider.com/austin-dallas-houston-texas-top-state-entrepreneurs-startups
In June Business Insider ranked Texas as the best state in the US for entrepreneurs — the state added small businesses at a rate of 9.5% per year from 2016 to 2018. https://www.businessinsider.com/top-ten-us-states-for-small-business-to-grow-in-2020
It all begs the question: is Silicon Valley finally over?Tech elites are making moves out of San Francisco, as they rethink the area's costs, political climate, safety, and more, write @MeghanEMorris and @berber_jin1.
Read more.
https://www.businessinsider.com/tech-elites-leaving-san-francisco-threaten-silicon-valley-supremacy-2020-11
