Austin again outranks Silicon Valley as best tech city again

[Neil Narayan]

Austin continues to outshine the San Francisco Bay Area. For the second year in a row, Austin tops a list of the best tech towns in the U.S., with both Silicon Valley and San Francisco slipping in the third annual ranking.

Based on job-posting data from August 2019 to July 2020, the CompTIA trade group looked at 20 metro areas with populations over 250,000 and where demand for tech workers is greatest. CompTIA then ranked the metros on cost of living, number of postings for IT jobs, and projected IT job growth over the next year as well as the next five years. The analysis placed Austin in first place.

https://austin.culturemap.com/...

[Bryan Hancock]

Austin does a great job starting things, but the capital formation process here is still much tougher than it is in the major tech markets.  That will likely change because the money will follow to the good deal flow, but Austin still has a long way to go to rival Boston, SV, or other major tech centers for the whole ecosystem.  As more exits occur and reseed new investment things will change, but we're still lagging other areas viewed holistically.