[kodah]

You are very misinformed.

Austin is not "new". It was at competition with Silicon Valley and used to be referred to as Silicon Hill. A lot of hardware manufacturing happened in Texas. At some point, between favorable business laws and Google starting large scale recruiting events it sucked a lot of the talent out of places like Texas.

So your statement is more accurately framed as, "Austin is finally recovering as a tech hub."

While businesses these days may move to SV because of the large population and other businesses, that was not the case in the beginning.

[jhbadger]

I think the modern attraction of Austin has a bit more to do with its reputation as a "cool" city with its music scene than its history of chip manufacturing.

[kortilla]

It’s funny how all of people crowding in will price out the entire crowd that makes it cool.