[Altimor]

Yes I've noticed this trend as well. Other examples of companies moving from the Bay Area include Expensify (Pittsburgh) and Indinero (Pittsburgh too I think, and the Philippines).

I think that's tragic, as there are strong network effects in ecosystems like Silicon Valley — everyone would benefit from all the talent and capital being in the same place! Studies show that cities get more productive, creative and ecological as they get larger.

That said, even with that trend going on, I still think Silicon Valley will remain by far the #1 tech ecosystem in the US 20 years from now. It just has too strong of a tail wind at this point (the network effects I mentioned above). People have been predicting its demise for about 30 years now. Maybe this time is different, but so far it's always done well for itself.