Tech company Markaaz moves to Austin from LA

5 Replies | Austin, Texas

Originally posted by @Karan Jhavar :

Most such no-named companies are moving to Austin. Companies which probably cannot pay top dollars for talent. So talent would never move to Austin. 

 (?????) Austin is a huge Tech Center. (?????)

It is absolutely a huge tech center for tier 2 companies. Most Tier 1 companies have satellite offices in Austin but a lot of the diverse tech talent yearns to work at HQ to grow their career. 

What you say can be true, but I don't see how it adds to the discussion. I'm not saying it doesn't; maybe that I'm not smart enough to spot it. Regardless of how "tiered" the company is, company moving to Austin means more jobs created which leads to appreciation and rent expansion. Even if we never get any "Tier 1" companies, if we could get all the "Tier 2" through "Tier N" companies, my portfolio would be greatful.


Originally posted by @Karan Jhavar :

It is absolutely a huge tech center for tier 2 companies. Most Tier 1 companies have satellite offices in Austin but a lot of the diverse tech talent yearns to work at HQ to grow their career.