>But many startups are now choosing to leave the capital city they once flocked to because of the rising cost of living, low funding, and lack of diversity, according to TechCrunch.
No one leaves because of "lack of diversity": look at how Bellingham WA exploded in the last few years. Further, the VMware layoffs and Meta/Facebook and Google retrenchment are country-wide and not confined to only Austin.
What is more likely is that Austin, which saw a huge run-up in home prices, is just not as affordable as before. Add in quality of life things like longer commute times, and the end of ZIRP draining available funding...
No one leaves because of "lack of diversity": look at how Bellingham WA exploded in the last few years. Further, the VMware layoffs and Meta/Facebook and Google retrenchment are country-wide and not confined to only Austin.
What is more likely is that Austin, which saw a huge run-up in home prices, is just not as affordable as before. Add in quality of life things like longer commute times, and the end of ZIRP draining available funding...