i like how everyone is positioning it as a culture move instead of a tax shelter
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you really think this is entirely about culture? come on man (also a lot of IPOs about to happen)
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Replying to @MikeIsaac @teddyschleifer
the state just tried to shut down uber, lyft, and every app-based delivery company in california. it is increasingly not possible to do business here. taxes are obviously an incentive, but they're also a signal. texas and florida are not hostile to the industry.
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I don't understand why people are moving to Austin if that's the case.https://www.wired.com/story/uber-lyft-flee-california-austin/ …
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austin is a city with an occasionally-insane politics at odds with its state. san francisco is a city with a chronically, systemically-deranged politics in sync with its state. why are we so determined not to understand this.
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i'd be curious to know what your thesis is on why much of tech stays here now. if it's because of bigco, VC or startup lock-in. Or if this migration narrative is
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think it's just networks and money. despite significant losses, a disproportionate concentration of talent is still here, as is most of the venture. and most of our friends! if venture is forced out (possible given rhetoric) i think the tech industry here actually has to end.
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for all of the "here's the next silicon valley" articles over the years, i have yet to really find it in the same way it exists here — maybe that actually happens in austin....(though i think urban density a factor too)
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i also don't think there will ever be another silicon valley, nor do most people moving. distributed industry seems to be the meme. in practice, we'll see. all of this, in every dimension, just feels like the management of disaster tbh.
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