April 23, 2014

Brain Drain for Austin (Update: Some brains will stay)

Another hi-tech company has given up the ghost and decided to leave Austin for the Dallas suburb of Plano. General Bandwidth, funded by Sevin Rosen and lead by Charles Vogt, is on its second business plan after raising $195MM (revenues are estimated at $9MM). Their new facility can house 75 people (they already have an R&D facility in Richardson with 79 employees).

This loss follows several high profile losses for the city including Tyco‘s departure last year. And one of several big wins for Dallas including Wednesday’s announcement of QI System’s move to the city from Canada. I think we are witnessing a gravitational shift from Austin to Dallas – Austin will still be important, but the resources (human and otherwise) available in Dallas will irresistable for companies seeking a place to live.

[Update: General Bandwidth will be keeping a large workforce in Austin, they are justing moving their HQ to Dallas - a representative from the company called to correct me]

Share

Comments

  1. Todd Barnard says:

    I will take the collective code writing wisdom of all of the computer science majors in Austin ( who could contribute a snippet each ) over the one $250,000.00 a year code writing primadonna that demands to live in Dallas – anytime.

    That goes double for the “I gotta live in Dallas”, golden parachute using executives too.

    Todd

  2. :)

  3. Jeb says:
  4. as a non texan, what makes Dallas so much more attractive than austin? (i’ve been to dallas, liked it, but never to austin).

  5. Sam says:

    Austin seems superficial to me. It’s like the LA of Texas. Everybody drives around with their “Keep Austin Weird” bumper-stickers, and oogles the street-kids on “The Drag”. It was a much nicer city 10 years ago IMO. It’s not nearly the liberal center it claims to be (and once was).

    In comparison I can smoke at a restaurant in Dallas, and if it offends you, then go sit somewhere else. There are a lot more nice restaurants in Dallas. It just feels more cultured, and the “punk” crowd with entitlement issues is noticeably absent.

    If Austin is Punk, Dallas is Gay. Houston has a bit of everything, from Gangsters, to Hillbillies. ;-)

Speak Your Mind

*