A massive tech company exodus is occurring in Texas, reports show
www.mysanantonio.com
Numerous Silicon Valley tech companies have settled in Austin in recent years, but just as many are now leaving due to 'lackluster' startup scene.
  • helenslunch@feddit.nlEnglish
    01·
    9 months ago

    But many startups are now choosing to leave the capital city they once flocked to because of the rising cost of living, low funding, and lack of diversity, according to TechCrunch.

    Because these things are better in California? Where are they going?

    Things are bad for tech (and business in general) but it’s not better anywhere else.

    • Telorand@reddthat.comEnglish
      1·
      9 months ago

      Where are they going?

      Easy. Home.

      Remote work, despite what many of the Business Journals have been doomsaying, is still very much a viable option. So they don’t have to stay in Texas, and they can operate from wherever.

      • helenslunch@feddit.nlEnglish
        01·
        9 months ago

        Where is home? They moved to Austin for a lower cost of living, it’s still significantly lower than most other places.

    • athos77@kbin.social
      11·
      9 months ago

      There’s certainly more diversity in parts of California, and “low funding” may refer to incentives and tax breaks given to companies to do business in an area.

      • helenslunch@feddit.nlEnglish
        11·
        9 months ago

        There’s far more diversity in Houston than either one but they’re not moving there.