Lemkin: Miami and Austin will win tech exodus if tax passes
Jason Lemkin · Anthropic’s $10B Raise | a16z’s $15B Fund: Is the Middle Dead in VC? | How OpenAI Could Go to Zero? · 20VC with Harry Stebbings · Jan 15, 2026 · at 1:23:09
Jason Lemkin, SaaS investor and founder of SaaStr, analyzes which non-California hubs stand to gain if founders flee California's wealth tax.
0:00 / 0:25exact quote · 25.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“The answer is the ones that almost won in 2020 and 20 21. It's that simple because there wasn't enough gravity to get people to go to Miami outside of, you know, some hedge funds and others, and there wasn't enough gravity to go to Austin because it's really not that nice there. But obviously they will win because we already saw it happen, right? It's just the yo-yo bounced back up when AI came out, right? It wasn't worth it to be in Miami or Austin when AI came back out, right?”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Jason Lemkin
Lemkin: AI will replace half of knowledge workers in 24 months
“Half of these knowledge workers are going to be gone in 24 months”
Every crypto company offering an Earn program is a fraud
“I believe every crypto company that has an EARN program is a fraud.”
Lemkin: Coinbase's 10% high-yield crypto program is a pyramid scheme
“And even, I know Coinbase is the good one, but where are they getting this 10%? It's a pyramid scheme. It's fraud.”
Lemkin: Every venture capital firm has a fraudulent company in its portfolio
“And every VC has a fraud in their portfolio. Every single VC has a fraud in their portfolio.”