Austin sees mass exodus of ex-Silicon Valley tech companies, here's why
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Re: Austin sees mass exodus of ex-Silicon Valley tech companies, here's why
#2To save you a click on this ad-infested website: It does cite a TechCrunch article: https://techcrunch.com/2023/12/07/is-the-texas-boom-town-of-...
The reason is "the rising cost of living, low funding, and lack of diversity".
Re: Austin sees mass exodus of ex-Silicon Valley tech companies, here's why
#3I remember Miami was also going to be the new Silicon Valley at one point, did that end up doing any better?
Re: Austin sees mass exodus of ex-Silicon Valley tech companies, here's why
#4Lack of diversity is stated but never mentioned again. Diversity of what is left to the readers interpretation. This reads like a hit piece rather than a genuine exploration of a real issue.
Re: Austin sees mass exodus of ex-Silicon Valley tech companies, here's why
#5Lack of diversity is stated but never mentioned again. Diversity of what is left to the readers interpretation. This reads like a hit piece rather than a genuine exploration of a real issue.
It’s paraphrasing from the Techcrunch source mentioned in other comments:
> The summers are brutal — 2023’s was the hottest on record with 78 days of triple-digit temperatures. The startup scene, some argue, is lackluster. And funding — especially for midsize companies — can be hard to come by. A perceived lack of diversity is also an issue.
Re: Austin sees mass exodus of ex-Silicon Valley tech companies, here's why
#6I'm an experienced product designer with 25+ years of experience. I've been doing a job search across the US.
I have three kids, two girls.
I will never take them to a place like Texas. It is anathema to my core values as a person and as a parent.
I'm shocked that a place like Texas became a draw for tech companies at all.
Re: Austin sees mass exodus of ex-Silicon Valley tech companies, here's why
#7Lack of diversity is stated but never mentioned again. Diversity of what is left to the readers interpretation. This reads like a hit piece rather than a genuine exploration of a real issue.
It’s paraphrasing from the Techcrunch source mentioned in other comments: > The summers are brutal — 2023’s was the hottest on record with 78 days of triple-digit temperatures. The startup scene, some argue, is lackluster. And funding — especially for midsize companies — can be hard to come by. A perceived lack of diversity is also an issue.
TechCrunch has the same problem of never again referencing this perceived diversity issue. They don't make clear what kind of diversity, who perceives it as missing, or if the perceived lack of diversity matches reality.
Edit: ignore this! I didn't read the original TechCrunch article closely enough, it is mentioned later in the article as corrected in a following comment
Re: Austin sees mass exodus of ex-Silicon Valley tech companies, here's why
#8Lack of diversity is stated but never mentioned again. Diversity of what is left to the readers interpretation. This reads like a hit piece rather than a genuine exploration of a real issue.
It’s paraphrasing from the Techcrunch source mentioned in other comments: > The summers are brutal — 2023’s was the hottest on record with 78 days of triple-digit temperatures. The startup scene, some argue, is lackluster. And funding — especially for midsize companies — can be hard to come by. A perceived lack of diversity is also an issue.
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Re: Austin sees mass exodus of ex-Silicon Valley tech companies, here's why
#9Headline states 'mass exodus', article names three known companies that never actually moved to Austin, then three unknown companies with no context of those companies' workforce or products.
Texas has problems, but this isn't journalism.
Re: Austin sees mass exodus of ex-Silicon Valley tech companies, here's why
#10Earlier quoted context omitted.
It’s paraphrasing from the Techcrunch source mentioned in other comments: > The summers are brutal — 2023’s was the hottest on record with 78 days of triple-digit temperatures. The startup scene, some argue, is lackluster. And funding — especially for midsize companies — can be hard to come by. A perceived lack of diversity is also an issue.
TechCrunch has the same problem of never again referencing this perceived diversity issue. They don't make clear what kind of diversity, who perceives it as missing, or if the perceived lack of diversity matches reality. Edit: ignore this! I didn't read the original TechCrunch article closely enough, it is mentioned later in the article as corrected in a following comment
No, that article goes on:
> "The cost of living, especially housing, has made it more challenging for middle-class professionals — especially people of color — to buy into the market, which hurts startups that have to compete with the Googles and Teslas for talent,” said Spearman, who is Black. “The monoculture speaks more to the income disparity that is pricing out musicians, artists and hospitality workers who are so essential to the creative culture that makes Austin a great market for startup founders in the first place"