Austin is winning recruits among the tech elite, but that's not Seattle's biggest danger

Civil War Gen. Philip Sheridan famously said, “If I owned Texas and Hell, I would rent out Texas and live in Hell.” The situation has obviously changed. Not only is Dallas a major corporate center and Houston, the nation’s fourth most populous city, the capital of the oil industry, but Austin is a rising tech star. Austin’s ascendency was emphasized recently when software powerhouse Oracle said it would move its headquarters there from Silicon Valley. In truth, the reality is more nuanced and the threat to Silicon Valley minimal. The same can be said for Seattle. After losing Boeing’s headquar…

Read More

HEDGE accordingly