Austin

“Since the peak of the market, Austin is down more than 20%, and Hartford, Connecticut is up more than 20%.”

“We can build 2000 Corsair per year right now at our manufacturing facility in Austin.”

“So we moved in here in September, October of last year. But the production line really only got started, started getting built in February or March of this year. So like where we're standing right here, all of this, Is, is, you know, less than six months old.”

“We've got about a hundred now. Yeah, we got about a hundred, and then we're gonna be starting a second shift.”

“The data from Austin says once you relax the permitting constraint, you'll get more units built. And for every unit that comes online, it literally drives down the rent.”

“Housing prices have gone three, three years in a row, housing prices and rents have gone down.”

“Austin's down more than 20% off of its peak in 2022.”

“And the five markets that took the hit the most in 20, 26 so far are Tampa, Austin, Austin leading the pack, Tampa, Miami, Orlando, and Dallas. Those are the five markets that have decelerated the most, that prices have gone down the most.”

“I think a lot of folks who went to Miami, who went to Austin, at least this is anecdotally my experience, have moved back to the Bay, and it seems like, yeah, this new wave of excitement around Yeah, kind of this platform shift is, is kind of bringing people b…”

“Now drivers in Austin and Atlanta, where we have two big partnerships with Waymo, Drivers on the Uber platform, they're making more money. The number of drivers joining the platform is increasing because it looks like AVs are actually adding incremental demand…”

“Bill Gates literally flew down to Austin. To figure out why we were getting the best graduates.”

“And, you know, we have a building with a few hundred people in Austin, Who get more hundreds on the Texas car than a school district of a 100,000.”

“Like, you know, the median Series A in the Bay right now is eighty-five million, post-money. The median in Austin is probably more like 65. The median in D.C., probably more like 60, and on down the line.”

“That's live in Chicago, Austin, San Francisco. We're going live in New York and LA. We got other smaller markets percolating like Columbus and Milwaukee and Atlanta.”

“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 n…”

“I signed a lease for an Austin office for craft.”

“Anyway, this is why we saw Peter Thiel, Larry Page, David Sachs open Austin offices in the last 10 days or thereabouts.”

“If you step back and look at the data, you look at over the past 10 years, 20 years, it's not the Austins, the Dallases, the Tampas of the country that are performing the best Because we're solving for rent growth.”

“Austin rent has gone down 20% in the last three years because we build units.”

“We, you know, we think probably we'll have, you know, a thousand cars or more in the Bay Area by the end of this year, probably, I don't know, 500 or more in the greater Austin area.”

“SF, almost all the hiring and net hiring in tech is in SF. It's twice New York. And basically after SF in New York, there is no net hiring. It's net negative in Austin. It's net negative in Miami.”

“And so the way we solved it is we brought down 2000 Ivy League grads or top talent and had them move to Austin.”

“My first business was a hat company. I created headwear for men and women undergoing chemotherapy. He inspired that business. People were not buying hats, Cody. Okay. I wanted it to be the thing. I opened a little hat store called the hat box here in Austin. I…”

“I mean, I don't have a number off the top of my head, but I imagine it's close to half of the team has relocated to Austin to join us.”

“Austin's a hip town that everybody was like, oh my god, you have to buy in Austin. And yes, it's cheaper than United, I mean, in Los Angeles, but it's, but it got oversaturated with too much product. And then you can't rent your units, you have high vacancies,…”

“Waymo, Waymo is working with us now in Austin and Atlanta. So in Austin and Atlanta, if you're using Uber, ah, you can be picked up, ah, with a Waymo.”

“Austin drivers now are making as much or more money than they were before we introduced Waymo.”

“Our minimum pay for a teacher is a 100,000 dollars. And so like in the Austin market, you know, that's basically double the pay of it.”

“One of our building, our K through six building down in Austin gets more hundreds on the Texas star than a school district of a 100,000 kids.”

“At that point, there wasn't really a food truck slash food trailer culture. That you see nowadays in different cities and definitely not in Austin.”

“Tesla's robo-taxi service in Austin is live. There are 10 vehicles and a human safety driver on board, though the safety driver sits in the passenger seat.”

“I believe there are 11 of them available, 11 maybe, give or take one or two.”

“There is a safety driver in the passenger seat.”

“We also have Tesla starting to roll out its pilot. In Austin, I think that's coming in the coming days, it's gonna be with safety drivers and Waymo will also be with drivers in the front seat until they until they get approval to drive.”

“I would say Austin, I'm bullish on its ability to become, you know, not only a great startup hub, I think it's like probably fifth, fifth best startup hub in the U S and therefore the world. But I think I'm even more bullish on its ability to like fuse the kin…”

“They have Uber black colored ones, and they're driving all over Austin, along with many other species of self-driving cars, and it actually puts San Francisco to shame. Like, Austin feels more innovative than San Francisco.”

“Waymo's are already taking up 20% of Uber rides in Austin”

“I mean, I think that you could make a pretty compelling argument that Austin is a way better place to build a health company, a defense tech company, like any number of these sort of hard tech or other companies that You know, the Bay doesn't necessarily have …”

“Working from home has hurt us a little bit, actually, because people can now, for example, work from home for an employer in New York City, and then move to Austin. And so they don't need to necessarily change employers. And folks can leave us And join a firm …”

“If you ordered a black car in Austin, The minimum fare, whether you're going a block or a mile, was 55 dollars, and if you ordered a car and it showed up in one minute, you had to legally stare at it for another 29 minutes before being allowed to get in.”

“In terms of where we are today, you know, we are up, you know, driving in all kinds of conditions. We're driving, you know 24 seven in San Francisco, in Phoenix, you know, a little bit those are the most mature markets, but also in L.A. And in Austin, and, you…”

“Austin is kind of gotten, I'd say a little more robust and Miami not very robust so far, at least, you know, from our observation.”

“What I love is this idea of like being heads down hermit execute mode and then resurfacing and having a body of work so that people want to connect with me, right? Cause I've built a company to this level. People will want to take my meetings. And then I'm off…”

“And that works great if you're a venture capitalist, and you're just, like, looking for the next connect to invest in, but it doesn't work very well if you want to build something meaningful, and it requires a lot of your mental focus.”

“He has seven days of data retention. And he has to show up every single month and provide an audit of every single search that's conducted on his system. That's dramatically different than in Dallas, or in Tulsa, or Oklahoma City, where the chief doesn't have …”

“We have rebuilt our Austin office from scratch with that in mind, and we're actually building one of the world's largest wooden buildings in Sydney, a forty-storey office tower,”

“I think obviously there's a role for university. I'm building one here in Austin, but agree with you. A lot of these things, you know, not everyone needs to go.”

“You take a system that's designed to operate safely in San Francisco and put it in Austin or Phoenix and it performs extremely well.”

“It's really easy to say, well, you know, I can be in the game in Austin. I can be in the game in Seattle. There are investors there. There are people there. I can be in the game in New York. And I wish that we were more honest that like, yeah, you can play bas…”

“So I basically hire someone to drive him from Austin all the way up to New York. And like, I don't travel because of him overseas typically.”

“Because back in 2018, we barely broke a million. But after moving the company to Austin, we accelerated very quickly over to almost, really over three and a half million.”

“It came out that at in 2017, South by Southwest drove three hundred and twenty five million dollars in economic impact to Austin. One hundred and sixty five million of that was All around attendance was ticket holders, credentials, et cetera. And then you add …”

“I mean, I would say it's easy to stick with the evidence and that's where, you know, you can always be pretty comfortable, but even in stating the evidence, it became such a politicized issue, particularly in Austin, Where you had a city that was taking differ…”

“I think Austin's kind of the future. I think California's gonna be damaged for a decade or two. So I think for the rest of our adult lives, this town.”

“So when we get together and our team was together last week in Austin, we spent one full day talking about nothing about other than a bunch of projects that we're trying to kick off that really aren't going to materialize in the marketplace until five years fr…”

“San Francisco and the Bay Area had a lock on the tech ecosystem, and because the political forces there defined tech as the enemy, they basically have driven it out, and as a result, you now have emergent tech hubs all over the United States, starting with Mia…”

“It's the second, second best tech city here.”

“They, in Austin, we passed a 6,000,000,007 billion dollar plan to build really small amount of infrastructure. It's already ballooning cost of twelve billion.”

“In Austin, I hear we have 2700 administrators for 5500 teachers.”

“You know, for the University of Austin, we're planning on doing it probably just east of the county that has Austin in it, because The county to the east is like slightly more permissible, easier to build, easier to work with is our guess.”