You are very misinformed. Austin is not "new". It was at competition with Silicon Valley and used to be referred to as Silicon Hill. A lot of hardware manufact

You are very misinformed. Austin is not "new". It was at competition with Silicon Valley and used to be referred to as Silicon Hill. A lot of hardware manufacturing happened in Texas. At some point, between favorable business laws and Google starting large scale recruiting events it sucked a lot of the talent out of places like Texas. So your statement is more accurately framed as, "Austin is finally recovering as a tech hub." While businesses these days may move to SV because of the large population and other businesses, that was not the case in the beginning.