The article cites a few data points for "Austin losing its luster": - Techstars pausing their Austin tech accelerator and venture funding being down 46%. This

The article cites a few data points for "Austin losing its luster": - Techstars pausing their Austin tech accelerator and venture funding being down 46%. This is the most compelling data point in the article, however venture funding is down 48% globally [0], so this has nothing to do with Austin specifically. - A startup moving its HQ from Austin to Houston (where they previously were before moving to Austin), specifically because it is looking for non-software talent that they believe will be more plentiful in Houston. - A laundry company that has ~10 employees moving from Austin to Tulsa - An "online travel agency aimed at Millenials" with ~10 employees moving to Sacramento Meanwhile, companies like Google, Apple, Amazon, Oracle have some of their largest office locations in Austin and show no signs of slowing down, as far as I can tell. This is definitely a new side of Austin, which used to be known for smaller tech startups and didn't have these giant behemoths - so I'll agree that it's losing luster in that way, if that's what is being looked at. I mean no disrespect towards the company's listed in the article, but I'll wait to make conclusions until there's better data points than a few random companies I've never heard of moving. 0: https://www.reuters.com/business/finance/venture-capital-funding-plunges-globally-first-half-despite-ai-frenzy-2023-07-06/ https://www.reuters.com/business/finance/venture-capital-fun...