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Dropbox CEO Drew Houston is moving to Austin
- - Dropbox CEO Drew Houston is moving to Austin, according to a report from The Information.
- - Houston's departure from Silicon Valley is the latest in a string of high-profile moves during the pandemic.
- - Investor Keith Rabois is moving to Miami, Palantir cofounder and venture capitalist Joe Lonsdale is also moving to Austin, Brex's cofounders are decamping for Los Angeles, and Palantir is moving the company headquarters to Denver.
- - The pandemic has shifted how many tech companies value in-office work, leading to an exodus from the Bay Area and a migration toward more affordable cities.
Houston's move to Austin would put him in good company — the city has become home to several Silicon Valley expats: Douglas Merritt, the CEO of software company Splunk, is also moving to Austin, The Information reported. Joe Lonsdale, the cofounder of Palantir who currently runs venture capital firm 8VC, already lives in Austin with his family and confirmed earlier this month that he is moving his firm there as well.