This is a little misleading. The data they quote is based on their previous article[1], which just uses this analysis[2] provided by a VC company. Funnily enoug

This is a little misleading. The data they quote is based on their previous article[1], which just uses this analysis[2] provided by a VC company. Funnily enough the same VC company put a seperate clickbaitish article just a year before that one, claiming the exact opposite findings (about startups ditching SV). I would guess a lot of these annual trends are just random fluctuations in their dataset, though to be honest I wonder how they're even trying to estimate this kind of information. [1] https://www.wsj.com/articles/austins-reign-as-a-tech-hub-might-be-coming-to-an-end-02836bc3 https://www.wsj.com/articles/austins-reign-as-a-tech-hub-mig... [2] https://www.signalfire.com/blog/signalfire-state-of-talent-report-2025\ https://www.signalfire.com/blog/signalfire-state-of-talent-r... [3] https://www.signalfire.com/blog/state-of-talent-tech-trends https://www.signalfire.com/blog/state-of-talent-tech-trends