The tech culture in Austin is way overhyped. I came up in it, and the critical mass of investors just isn't there. There are a handful (like 10 at most) of seri

The tech culture in Austin is way overhyped. I came up in it, and the critical mass of investors just isn't there. There are a handful (like 10 at most) of serial founders in town who can reliably get VC funding. I worked for one of them at a couple companies, and while he was good at what he did, his relationships from being a trust fund kid hobnobbing with investors were absolutely the reason we had funding and traction. Everyone else competes for the local / regional VC network, which can't handle anything beyond A rounds. Even Apple's huge new campus in Austin is going to be manufacturing, sales and customer support; the actual tech jobs are staying in Cupertino. It's just cheaper to hire for non-tech positions outside the bay area. So tech companies from the bay area use Austin as a tax haven to cut the costs of non-technical work, but the jobs aren't tech jobs.