I hear about wealthy people moving to Austin as well.
It used to be an unspoken rule that if you wanted to really build a big company, Bay Area was the best place to be due to all the talent and capital in one confined area.
Now, I see the dynamics shifting to something new. Not sure what but I can see it unfolding.
Just curious what HN thinks/feels.
A few companies moved, but they are late stage and very established.
If you have a startup - SV is still the best place in the world.
It's funny to see how much of the world is hoping that SV would fall. Maybe it's just morbid curiosity or paranoia but theres still 10 developers who want to move to the bay area for every developer that wants to move away.