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Rabois recently announced that he’s “moving imminently” to Miami, telling Fortune that “San Francisco is just so massively improperly run and managed” that “it’s impossible to stay here.” Rabois also cited Florida’s lack of a state income tax and Miami’s “interesting mix of New Yorkers, Latin Americans, and Europeans” as factors in his decision to move there. Drew Houston: The Dropbox CEO has purchased a home in Austin and plans to make it his permanent residence, according to a report from The Information last month. Matt Winkelmeyer/Getty Images Dropbox CEO Drew Houston is moving to Austin, according to a report from The Information. Austin will be America’s hottest housing market in 2021, leading a list of mostly Sun Belt cities expected to continue heating up faster than the nation’s large coastal markets. 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Investor Keith Rabois is moving to Miami, Palantir cofounder and venture capitalist Joe Lonsdale is […] Visit Business Insider’s homepage for more stories, The Information’s Cory Weinberg, Kate Clark, and Zoë Bernard, The tech elite are abandoning Silicon Valley in droves because of ‘monoculture’ and high taxes — here’s where they’re headed, shifted how many companies value in-office work, a migration toward more affordable locations, Biden Expected to Pick Janet Yellen, Former Fed Chair, as Treasury Secretary, Inside Vanessa Hudgens’ Date Night With MLB Player Cole Tucker – E! Drew Houston—Dropbox CEO Drew Houston has bought a home in Austin, which will become his permanent residence. 1, Watertown, MA 02472 in Middlesex County. The Raptors Are New to Tampa’s Basketball Scene. And in August, Palantir moved its headquarters from Palo Alto to Denver after its CEO, Alex Karp, described Silicon Valley as a “monoculture.” While the company still has a Bay Area office, Denver is Palantir’s official hub, a move that had been in the works for a while. Austin has been a growing hotspot for tech startups since Dell's founding in the mid 80's. Drew Houston, whose net worth is about $1.4 billion, has purchased a home in Austin that he plans to make his full-time residence, according to a report from The Information. Drew Houston, whose net worth is about $1.4 billion, has purchased a home in Austin that he plans to make his full-time residence, according to a report from The Information. Its median rental price is 2.5 times the national average, making it the most expensive city in the US for renting a two-bedroom apartment. All rights reserved. It seems that the tech community in Texas will only continue to grow - Oracle is moving its headquarters to Austin, Dropbox CEO Drew Houston is moving to … You have entered an incorrect email address! On-Court Play? Houston’s departure from Silicon Valley is the latest in a string of high-profile moves during the pandemic. © Copyright © 2020 Techinfinitylife. Houston is the latest tech mogul to make a high-profile departure from Silicon Valley, … California has some of the highest taxes in the nation, and San Francisco is one the most expensive housing markets in the country. James Drew is an investigative reporter in the Austin Bureau of the Houston Chronicle. The reasons for the exodus from California to Austin can be attributed to costs. It seems that the tech community in Texas will only continue to grow — Oracle is moving its headquarters to Austin, Dropbox CEO Drew Houston is moving to the city, and Tesla CEO Elon Musk said he’s moving to Texas. ... plus personal moves to Texas by Tesla Inc. CEO Elon Musk and Dropbox CEO Drew Houston. Drew Houston is the co-founder and CEO of Dropbox. Among the tech CEOs and investors that have left the West Coast are Dropbox CEO Drew Houston, Splunk CEO Douglas Merritt and Joe Lonsdale, head of … Dropbox CEO Drew Houston is moving to Austin, the latest in a string of high-profile tech moguls abandoning Silicon Valley amid the pandemic Business Insider - Avery Hartmans A Slack channel for Y Combinator founders who moved from San Francisco to Austin had to be capped at 150 because 'there were too many people' Business Insider - Katie Canales 1. An Iowa airport will conduct coronavirus screenings of all outgoing passengers. The Austin Police Department reports no known threats to the Austin area ahead of Inauguration Day on Wednesday, but remains on tactical alert following the deadly, pro-Trump riot at the U.S. Capitol earlier this month. “It’s very clear right now, people are shifting their preferences pretty massively,” Rabois told Fortune. The company is a Texas Domestic Limited-Liability Company (Llc), which was filed on November 6, 2012. Dropbox CEO Drew Houston and Splunk CEO Douglas Merritt both recently bought homes in Austin, with plans to make the Texas capital their permanent residences, they have told people at their firms. Austin is projected to be the top housing market in 2021, according to a recent study from Zillow. Tesla's CEO isn't the only tech mogul eyeing Austin. Dropbox CEO Drew Houston has joined the list of high profile moves to Austin. With a … The company is a Texas Domestic Limited-Liability Company (Llc), which was filed on May 28, 2020. A spokesperson for Dropbox did not immediately respond to Business Insider’s request for comment on Houston’s plans. Houston isn't the first Silicon Valley capitalist to hang his hat in Austin. The City of Austin law department has more than 100 attorneys and staff. Drew Houston, CEO of Dropbox. He recently bought a house in Austin while living in Hawaii throughout the pandemic. FileTrail: The formerly San Jose-based firm, which makes records management software for law firms, moved to Austin … Dropbox CEO Drew Houston is reportedly moving to Austin from the Silicon Valley. Douglas Merritt, the CEO of software company Splunk, also recently purchased an Austin home. The short list was Phoenix, Nashville or Austin. Drew Thomas Houston is listed as a Managing Member with Trail Map Magic, LLC in Texas. The Texas Department of Public Safety abruptly closed the Texas Capitol on Friday through Inauguration Day. Financial records reviewed by The Austin Bulldog show that the city paid that amount to the firm Scott Douglass & McConnico LLP, mostly for attorney Jane Webre, who charged $480 an hour. Sign up for our free daily morning email... WATCH LIVE: Inauguration of Joe Biden and Kamala Harris, Beloved Austin native Willie Nelson receives COVID vaccine, It's snowing! Drew Houston is planning to move to Austin full-time, the latest high-profile departure from Silicon Valley. The Titans Aren’t. Houston’s departure from Silicon Valley is the latest in a string of high-profile moves during the pandemic. Los Angeles appears to be another destination for tech executives, with Brex founders Henrique Dubugras and Pedro Franceschi moving to Los Angeles, which is also home to venture capitalist Peter Thiel. As remote work policies loosen across the tech industry, executives and workers alike have been pouring into the nation's more affordable interior. Read more: The tech elite are abandoning Silicon Valley in droves because of ‘monoculture’ and high taxes — here’s where they’re headed. Houston’s departure from Silicon Valley is the latest in … In October, Dropbox announced it would stop asking employees to come into its offices and instead make remote work the standard practice, even after the pandemic ends. Harris attended Mass alongside Republican and Democratic leaders, 1929 in Washington, a son of law... Austin from the Information Tesla Inc. CEO Elon Musk and Dropbox CEO Drew Houston is planning move... Law department has more than 50 million people around the world access and share their most important files anywhere... Seems to have had similar motivations for leaving Silicon Valley is the latest high-profile from! Inc. CEO Elon Musk has said he plans to relocate to Austin, Texas, drew houston austin a... Accelerated under the pandemic a Texas Domestic Limited-Liability company ( LLC ), was... 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