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Dropbox CEO Drew Houston speaks onstage during TechCrunch Disrupt SF 2018 on September 5, 2018 in San Francisco.
The CEO of Dropbox, one of the most popular cloud storage services, is planning a move to Austin.
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.
Houston is the latest tech mogul to make a high-profile departure from Silicon Valley, a trend that has only accelerated under the pandemic. As remote work policies loosen across the tech industry, executives and workers alike have been pouring into the nation's more affordable interior.
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.
Houston isn't the first Silicon Valley capitalist to hang his hat in Austin. Douglas Merritt, the CEO of software company Splunk, also recently purchased an Austin home. While Palantir co-founder Joe Lonsdale already lives in Austin, he recently confirmed that the VC firm will also be making the move to the capital of Texas.
Austin has been a growing hotspot for tech startups since Dell's founding in the mid 80's. Tesla's announcement earlier this year of plans to build its next Tesla Gigafactory arrived with a thump, electrifying critics and supporters by accelerating the city's transformation into a tech city. Tesla founder Elon Musk has said he plans to spend more time in the city, even teasing moving the Tesla headquarters to Austin.
The reasons for the exodus from California to Austin can be attributed to costs. California has some of the highest taxes in the nation, and San Francisco is one the most expensive housing markets in the country. The median rental price for a two-bedroom apartment is the highest in the nation.
Austin, meanwhile, has a friendly character that is inviting with Texas' lack of personal income tax.
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Popular
Austin FC kept rival FC Dallas to a draw Saturday night as it pulled off a 2-2 comeback. (Austin FC/Twitter)
Despite a 2-0 deficit, there was a pot of gold for Austin FC after all as it celebrated its annual Pride Night with rainbows and a 2-2 comeback draw to FC Dallas Saturday night.
After three FC Dallas losses last season, the Dallas derby draw marks the first time Austin FC has tied against its Copa Texas rival. Austin continues to edge over FC Dallas as it sits at 3rd in the MLS West.
Here are the biggest takeaways from the match:
A somber start
¡Ya Basta! Enough! End Gun Violence. #uvaldestrong
— Los Verdes (@LosVerdesATX) June 26, 2022
📷 @arubiophotospic.twitter.com/3PiVdTPtik
Decked out in colorful hues for LBGTQ+ Pride, Verde fans started the match on a somber note as they held up banners to take a stand against gun violence before the match.
As the national anthem began, fans held up banners with the names of each child that was killed in the Uvalde school shooting and a plea to "end gun violence."
The supporters' section was also dotted with Pride flags and a "Bans off Our Bodies" banner in protest of the Supreme Court's decision to overturn Roe v. Wade.
(Claire Partain/Austonia)
(Claire Partain/Austonia)
FC Dallas earns a 2-0 lead
Paul Arriola is there to put it away and put @FCDallas ahead! pic.twitter.com/Z4AMmM6lp3
— Major League Soccer (@MLS) June 26, 2022
That sober tone continued onto the pitch. With midfielder Daniel Pereira's absence due to a red card, the Verde and Black lost two goals to FC Dallas by the 70th minute of play.
FC Dallas played it sneaky for the first half of the match, giving Austin FC plenty of room to hold possession as it waited to strike on a Verde error. That mentality proved dangerous for Austin as Dallas' Paul Arriola took advantage of Brad Stuver's deflection to score the first goal of the night in the 57th minute of play.
Dallas struck once more as Brandon Servant pushed past the Verde line to score the second goal of the match.
#DTID double their lead!
— Major League Soccer (@MLS) June 26, 2022
The substitute Brandon Servania with a fine finish within five minutes of coming on. 💥 pic.twitter.com/IZm0YsPxG5
Austin FC strikes back
Sebastián Driussi pulls one back!#AustinFC are still in this one. 👀 pic.twitter.com/Yoi0x768jb
— Major League Soccer (@MLS) June 26, 2022
But energy quickly returned to Austin's favor thanks to Designated Player Sebastian Driussi, who scooted past several FC Dallas defenders alongside Moussa Djitte to snag an unlikely first goal for Austin.
A full Verde comeback
Late drama in this Texas Derby!@AustinFC ties it up, Danny Hoesen with the diving header. 😱 pic.twitter.com/Jk2f4fIEXG
— Major League Soccer (@MLS) June 26, 2022
Austin's subs proved deadly as momentum returned to the home team toward the end of the match. A well-placed cross from Nick Lima—and a diving header from a fresh-legged Danny Hoesen—helped the team secure the draw with a second Verde goal in the 84th minute of play.
Hoesen, who was Austin's first starting striker last season, has now scored two goals with the team after a yearlong injury stuck him on the bench.
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(Bob Daemmrich)
Hours following the U.S. Supreme Court's ruling to overturn Roe v. Wade, the landmark ruling that guaranteed a constitutional right to an abortion, on Friday, about 1,000 people gathered in Republic Square with signs calling for change.
The rally, organized by the group Rise Up 4 Abortion Rights Texas, started at the federal courthouse on Republic Square on Friday at 5 p.m. before the crowd marched to the Texas Capitol. More protests are expected to ensue over the weekend.
People showed up with all types of signs like Mindy Moffa holding up, "Keep your filthy laws off my silky drawers."
Austin joined cities across the country that saw protests for a women's right to an abortion after the ruling.
According to a recent UT poll, 78% of Texas voters support abortion access in most cases.
Sabrina Talghade and Sofia Pellegrini held up signs directed at Texas laws. A Texas trigger law will ban all abortions from the moment of fertilization, starting 30 days after the ruling. When state legislators passed the trigger law last summer, it also passed laws for more protection of firearms, including the right to open carry without a permit.
Lili Enthal of Austin yells as around 1,000 Texans marched to the Texas Capitol.
From the Texas Capitol, Zoe Webb lets her voice be heard against the Supreme Court ruling.
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