James Drew is an investigative reporter in the Austin Bureau of the Houston Chronicle. Dropbox helps more than 50 million people around the world access and share their most important files from anywhere. The City of Austin law department has more than 100 attorneys and staff. Houston is the latest tech mogul to make a high-profile departure from Silicon Valley, … The company is a Texas Domestic Limited-Liability Company (Llc), which was filed on November 6, 2012. 1. In October, Dropbox announced it would stop asking employees to come into its offices and instead make remote work the standard practice, even after the pandemic ends. Dropbox CEO Drew Houston speaks onstage during TechCrunch Disrupt SF 2018 on September 5, 2018 in San Francisco. Now, companies like Twitter, Square, and Slack have said employees make work remotely on a permanent basis, while others, like Facebook, are allowing employees to relocate with manager approval. Drew graduated from MIT with a degree in computer science and in 2011 was included in … Douglas Merritt, the CEO of software company Splunk, also recently purchased an Austin home. Elon Musk—Tesla is building a large factory near Austin.Its CEO, Elon Musk, announced in late 2020 that he had moved from California to Texas to be … It seems that the tech community in Texas will only continue to grow - Oracle is moving its headquarters to Austin, Dropbox CEO Drew Houston is moving to … Visit Business Insider’s homepage for more stories, The Information’s Cory Weinberg, Kate Clark, and Zoë Bernard, The tech elite are abandoning Silicon Valley in droves because of ‘monoculture’ and high taxes — here’s where they’re headed, shifted how many companies value in-office work, a migration toward more affordable locations, Biden Expected to Pick Janet Yellen, Former Fed Chair, as Treasury Secretary, Inside Vanessa Hudgens’ Date Night With MLB Player Cole Tucker – E! 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Investor Keith Rabois is moving to Miami, Palantir cofounder and venture capitalist Joe Lonsdale is also moving to Austin, Brex’s cofounders are decamping […] While the tech industry had typically required its employees to live within commuting distance in years past — Facebook even used to give a bonus the closer employees lived to the office — the pandemic has shifted how many companies value in-office work. Houston, who’s the founder and CEO of cloud storage company Dropbox, purchased a house in Austin that will eventually become his full-time residence, according to The Information’s Cory Weinberg, Kate Clark, and Zoë Bernard . The company is a Texas Domestic Limited-Liability Company (Llc), which was filed on May 28, 2020. The Austin Police Department reports no known threats to the Austin area ahead of Inauguration Day on Wednesday, but remains on tactical alert following the deadly, pro-Trump riot at the U.S. Capitol earlier this month. The short list was Phoenix, Nashville or Austin. Drew Thomas Houston is listed as a Managing Member with Trail Map Magic, LLC in Texas. Dropbox CEO Drew Houston and Splunk CEO Douglas Merritt both recently bought homes in Austin, with plans to make the Texas capital their permanent residences, they have told people at their firms. Drew Houston is planning to move to Austin full-time, the latest high-profile departure from Silicon Valley. Austin Drew Johnston, 91, of Canonsburg, died Saturday, January 16, 2021, in Canonsburg Hospital. United Airlines lost $7 billion in 2020 as the pandemic crushed the travel business. Financial records reviewed by The Austin Bulldog show that the city paid that amount to the firm Scott Douglass & McConnico LLP, mostly for attorney Jane Webre, who charged $480 an hour. Houston isn't the first Silicon Valley capitalist to hang his hat in Austin. Rabois recently announced that he’s “moving imminently” to Miami, telling Fortune that “San Francisco is just so massively improperly run and managed” that “it’s impossible to stay here.” Rabois also cited Florida’s lack of a state income tax and Miami’s “interesting mix of New Yorkers, Latin Americans, and Europeans” as factors in his decision to move there. 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. Dropbox CEO Drew Houston is moving to Austin, according to a report from The Information. The reasons for the exodus from California to Austin can be attributed to costs. Among the tech CEOs and investors that have left the West Coast are Dropbox CEO Drew Houston, Splunk CEO Douglas Merritt and Joe Lonsdale, head of … Austin has been a growing hotspot for tech startups since Dell's founding in the mid 80's. Read the full story at The Austin Bulldog. A spokesperson for Dropbox did not immediately respond to Business Insider’s request for comment on Houston’s plans. Austin isn’t the only city seeing an influx of Silicon Valley’s elite. Sign up for our free daily morning email... WATCH LIVE: Inauguration of Joe Biden and Kamala Harris, Beloved Austin native Willie Nelson receives COVID vaccine, It's snowing! Drew graduated from MIT with a degree in computer science and in 2011 was included in … Dropbox CEO Drew Houston is moving to Austin, the latest in a string of high-profile tech moguls abandoning Silicon Valley amid the pandemic Business Insider - Avery Hartmans A Slack channel for Y Combinator founders who moved from San Francisco to Austin had to be capped at 150 because 'there were too many people' Business Insider - Katie Canales While Palantir co-founder Joe Lonsdale already lives in Austin, he recently confirmed that the VC firm will also be making the move to the capital of Texas. Drew Houston: The Dropbox CEO has purchased a home in Austin and plans to make it his permanent residence, according to a report from The Information last month. California has some of the highest taxes in the nation and is one of the most expensive cities for homebuyers. 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. And in August, Palantir moved its headquarters from Palo Alto to Denver after its CEO, Alex Karp, described Silicon Valley as a “monoculture.” While the company still has a Bay Area office, Denver is Palantir’s official hub, a move that had been in the works for a while. Austin will be America’s hottest housing market in 2021, leading a list of mostly Sun Belt cities expected to continue heating up faster than the nation’s large coastal markets. The Texas Department of Public Safety abruptly closed the Texas Capitol on Friday through Inauguration Day. 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. Its median rental price is 2.5 times the national average, making it the most expensive city in the US for renting a two-bedroom apartment. We provide you with the latest breaking news and videos straight from news industry. Douglas Merritt—Splunk CEO Douglass Merritt recently bought a home in Austin, with plans to make it his permanent residence. Drew Houston, CEO of Dropbox. “It’s very clear right now, people are shifting their preferences pretty massively,” Rabois told Fortune. Houston is the latest tech mogul to make a high-profile departure from Silicon Valley, a trend that has only accelerated under the pandemic. He was born March 12, 1929 in Washington, a son of Austin O. and Georgetta Hilton Johnston. Drew Houston, whose net worth is about $1.4 billion, has purchased a home in Austin that he plans to make his full-time residence, according to a report from The Information. Investor Keith Rabois is moving to Miami, Palantir cofounder and venture capitalist Joe Lonsdale is […] The Information earlier reported that Dropbox CEO Drew Houston is moving to Austin, Texas, a city where the tech industry has a long history. Dropbox helps more than 50 million people around the world access and share their most important files from anywhere. The address on file for this person is 8 Hearn St, Apt. Houston’s departure from Silicon Valley is the latest in a string of high-profile moves during the pandemic. Drew Houston: The Dropbox (DBX) CEO has purchased a home in Austin and plans to make it his permanent residence, according to a report from The Information last month. Matt Winkelmeyer/Getty Images Dropbox CEO Drew Houston is moving to Austin, according to a report from The Information. That decision has so far cost the city $119,583 in a hitherto fruitless lawsuit. Los Angeles appears to be another destination for tech executives, with Brex founders Henrique Dubugras and Pedro Franceschi moving to Los Angeles, which is also home to venture capitalist Peter Thiel. Opinion | A Biden Tax-Hike Break for Small Businesses, Biden’s Calls for Unity Are Already Being Tested in Congress, Jen Psaki, Biden’s new press secretary, pledges to bring ‘truth and…, The Inauguration Kept Crowds Out and Tried to Bring America In, Purple was a popular color at the inauguration and Bernie Sanders’…. 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