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  #941  
Old Posted Nov 26, 2020, 4:28 PM
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I am good with all of this. I just hope we get a really nice fine arts museum or a really cool science/tech museum now that we are becoming a wealthier city.
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  #942  
Old Posted Nov 26, 2020, 5:11 PM
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I am good with all of this. I just hope we get a really nice fine arts museum or a really cool science/tech museum now that we are becoming a wealthier city.
Yup. Bring on the ostentatious opera house!
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  #943  
Old Posted Nov 26, 2020, 8:08 PM
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Forbes says we have 8 billionaires in Austin. Only one less than Toronto, which was a surprise.

https://skyscraperpage.com/forum/sho...d.php?t=244849
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  #944  
Old Posted Nov 26, 2020, 8:29 PM
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Originally Posted by KevinFromTexas View Post
Forbes says we have 8 billionaires in Austin. Only one less than Toronto, which was a surprise.

https://skyscraperpage.com/forum/sho...d.php?t=244849
Yea, what's crazier is that Austin's top guy has a higher net worth than any Canadian billionaire. In USD Michael Dell has a higher net worth than anyone in Canada. Michael Dell's net worth is $37.6 billion USD. David Thompson's the richest Canadian and is worth $41.14 billion CAD, but converted into USD amount is $31 billion. Lower than Dell.

https://en.wikipedia.org/wiki/List_o...s_by_net_worth
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  #945  
Old Posted Nov 27, 2020, 12:41 AM
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Austin punches above it's weight. Makes nine with the addition of Drew Houston.
There are probably more. This recent Forbes list is only the Forbes 400. Only the 400 richest billionaires in the US. Lots of billionaires didn’t make the cut for it.

For example, TX has 61 billionaires now (60 as of 9/15/2020 but + Drew Houston who just moved in the last few weeks) but only 37 of them made the Forbes 400 list. The other 24-25 are still billionaires but not in the 400 richest Americans.

https://en.m.wikipedia.org/wiki/List...f_billionaires

Another example is Houston. The Houston area has 15 total billionaires but only 10 of them make Forbes 400 of the 400 richest Americans. The other 5 qualify outside of the 400.

https://www.chron.com/life/slideshow...ist-202844.php

Where I live, which is Georgia the entire state has 13 total billionaires but only 9 of them qualify in the Forbes 400 list.

13 GA billionaires total

https://patch.com/georgia/atlanta/13...te-forbes-list

9 GA billionaires in Forbes 400

https://patch.com/georgia/canton-ga/...0-richest-list

DFW actually has 27 billionaires total but only 23 of them make Forbes 400.

https://www.google.com/amp/s/www.dal...outputType=amp

Austin definitely punches above its weight both for Forbes 400 and prolly the total number of billionaires list. If 8 or 9 (with Drew Houston) made the Forbes 400 from Austin then it’s possible that Austin has a few more that didn’t make the cut for the 400 but still have net worths over $1 billion. It’s possible that Austin has 10-12 billionaires total.

Last edited by N90; Nov 27, 2020 at 2:48 AM.
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  #946  
Old Posted Nov 27, 2020, 1:00 AM
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Austin is incredible.

From all the skyscrapers going up and planned, including maybe 2 supertalls with ATX East Tower and Waller Creek. A brand new rail transit system with a subway, sleek trains, and glass panel security platform doors. An extension and additional line on the commuter rail system. The mega job growth. Major corporate HQ relos like TikTok, etc. Prized economic developments from Apple, Tesla, Army Futures Command, all three of which looked at the entire country and maybe the entire continent to expand to before all of them selected Austin. Austin either THE LEADER or among the leaders in the US for GDP growth, total personal income growth, population growth, job growth, airport traffic growth, office space construction, apartment construction, single family home construction, foreign investment, etc. It’s one of the top 10 cities in the world for semi-conductors, video game development, digital animation, artificial intelligence and machine learning, programming, software development, tech hardware manufacturing, and in the top 15 for VC funding into startups in the world. Has one of the best universities in the world and is one of the most educated cities in the world. Has one of the youngest populations in the US. Has a renown music and art scene and a vaunted food scene. Only place in the US for F1 and MotoGP and is now attracting pro sports in MLS and soon will attract the attention of MLB, NBA, NFL, NHL, etc the bigger and richer the metro area becomes. And now it’s attracting billionaires at a breakneck speed.

There’s never a dull moment in Austin.

Last edited by N90; Nov 27, 2020 at 2:33 AM.
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  #947  
Old Posted Nov 27, 2020, 2:14 AM
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Austin is incredible.

From all the skyscrapers going up and planned, including maybe 2 supertalls with ATX East Tower and Waller Creek. A brand new rail transit system with a subway, sleek trains, and glass panel security platform doors. An extension and additional line on the commuter rail system. The mega job growth. Major corporate HQ relos like TikTok, etc. Prized economic developments from Apple, Tesla, Army Futures Command, all three of which looked at the entire country and maybe the entire continent to expand to before all of them selected Austin. Austin either THE LEADER or among the leaders in the US for GDP growth, total personal income growth, population growth, job growth, airport traffic growth, office space construction, apartment construction, single family home construction, foreign investment, etc. It’s one of the top 10 cities in the world for semi-conductors, video game development, digital animation, artificial intelligence and machine learning, programming, tech hardware manufacturing, and in the top 15 for VC funding into startups in the world. Has one of the best universities in the world and is one of the most educated cities in the world. Has one of the youngest populations in the US. Has a renown music and art scene and a vaunted food scene. Only place in the US for F1 and MotoGP and is now attracting pro sports in MLS and soon will attract the attention of MLB, NBA, NFL, NHL, etc the bigger and richer the metro area becomes. And now it’s attracting billionaires at a breakneck speed.

There’s never a dull moment in Austin.
Best summarization of Austin to date. Short, informative, and sweet. No wonder it was a no brainer for you to transplant to here. You already are an Austinite by heart.
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  #948  
Old Posted Nov 27, 2020, 2:44 AM
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And I just found out that Austin based Powerhouse Animation produced and developed the hottest American Anime out right now in their Austin studio. The anime is called Blood of Zeus. You can watch it on Netflix.

https://www.looper.com/270933/the-ho...to-watch-next/

Last edited by N90; Nov 27, 2020 at 2:58 AM.
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  #949  
Old Posted Nov 27, 2020, 4:12 AM
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And I just found out that Austin based Powerhouse Animation produced and developed the hottest American Anime out right now in their Austin studio. The anime is called Blood of Zeus. You can watch it on Netflix.

https://www.looper.com/270933/the-ho...to-watch-next/
That’s awesome! I had no idea it was produced in Austin!!
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  #950  
Old Posted Nov 27, 2020, 6:50 PM
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That’s awesome! I had no idea it was produced in Austin!!
You'd be suprised at what is produced here. Austin has a robust Animation industry that continues to expand.
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  #951  
Old Posted Nov 28, 2020, 1:56 AM
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Not just animation but even something like 3D printing was invented in Austin by Carl Deckard. Well one of the three major forms of 3D printing anyways. Deckard is the inventor of SLS 3D printing.

https://formlabs.com/blog/fdm-vs-sla...ng-technology/

And

https://3dprintingindustry.com/news/...s-away-166853/

3D printing is now a complete industry on its own. Medical, aerospace, tech, defense, aviation, home building companies all use 3D printing now. Austin has earned its keep as a top tier tech town. Easily one of the 10 best in the entire world and that's an amazing feat for a metro of Austin's size.

Texas has a great balance of cities. Austin for government, education, film/music/TV, and all things tech. Houston for aerospace, medicine, global trade, petrochemicals, food distribution, and all things energy. Dallas for telecom, finance, aviation, logistics/distribution, data centers, and pretty much all major industries are represented there. San Antonio for military, defense, cyber-security, and tourism industries. The major border regions like the RGV, El Paso, Laredo for cross-border trade with Mexico and major axis of trade in the NAFTA corridor. The oil and gas towns of West Texas. Corpus Christi for its petrochemical and seaports. And the many other towns for things like military, ports, and colleges. All of the major cities do something different, no one is stepping on anyone's toes.

States that have many major cities with a very diversified economy are usually better off than states that only have one major city that has to carry the entire state and never mess up in anyway. States like CA and TX are even luckier, their cities are the best in the entire world at certain industries. Plus both states are pretty huge, both population and land area and have unparalleled amounts of resources at their disposal.

Last edited by N90; Nov 28, 2020 at 10:39 AM.
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  #952  
Old Posted Nov 30, 2020, 10:35 PM
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Samsung bought 258 acres near their campus for possible future expansion. Nothing imminent planned though.

https://www.bizjournals.com/austin/n...Pos=3#cxrecs_s
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  #953  
Old Posted Nov 30, 2020, 11:44 PM
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That's great news, hope they continue to expand.
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  #954  
Old Posted Dec 1, 2020, 12:41 AM
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That's great news, hope they continue to expand.
Their campus is roughly 300 acres so with this purchase they will be almost doubling their footprint.
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  #955  
Old Posted Dec 1, 2020, 5:10 PM
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Quick inconclusive TikTok update:

Quote:
The Trump administration has once again extended the deadline for ByteDance to sell video sharing platform TikTok’s business in the US, Reuters reported. The Committee on Foreign Investment in the United States (CFIUS) has given China-based ByteDance until December 4th to either sell or spin out its US business, according to a court filing. CFIUS reportedly granted the extension “to allow time to review a revised submission” that it recently received.

President Trump said in August that TikTok and its parent company were a national security risk to the US, and issued the initial order requiring TikTok to sell its US business. Trump’s order would have blocked all US transactions with ByteDance.

In September, the US Commerce Department issued an order to block downloads of TikTok in the US. The president then said he had approved “in concept” a deal with Oracle and Walmart that called for creating a new US-based entity, TikTok Global.

That deal has yet to receive final approval, however, and TikTok said earlier this month it had received “no substantive feedback” from the Trump administration for some time. The government then issued a notice November 13th that set the new deadline for the deal for November 27th.

However, the government is still bound by an injunction issued by a federal court in Pennsylvania on October 30th. The Commerce Department issued an unpublished rule saying the agency is complying with the terms of that judge’s ruling. Its prohibition of TikTok transactions “has been enjoined and will not go into effect, pending further legal developments.”
https://www.theverge.com/2020/11/28/...e-oracle-trump

There are still about 29 open positions posted on Indeed for the Austin area; but almost 100 positions posted for LA, and 260 for Mountain View, CA. Not necessarily data points that would support a HQ move to Texas, IMHO.
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  #956  
Old Posted Dec 1, 2020, 6:33 PM
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Originally Posted by We vs us View Post
Quick inconclusive TikTok update:



https://www.theverge.com/2020/11/28/...e-oracle-trump

There are still about 29 open positions posted on Indeed for the Austin area; but almost 100 positions posted for LA, and 260 for Mountain View, CA. Not necessarily data points that would support a HQ move to Texas, IMHO.
The changes going on in Austin are just incredible! It's like we are witnessing the birth and maturation of this city right before our eyes!
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  #957  
Old Posted Dec 2, 2020, 1:09 AM
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In state news: Hewlett-Packard Enterprise is moving its HQ from San Jose to Houston.

https://www.cnbc.com/2020/12/01/hpe-...alifornia.html
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  #958  
Old Posted Dec 2, 2020, 1:50 AM
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Good diversity for Houston!
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  #959  
Old Posted Dec 2, 2020, 2:46 AM
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Good diversity for Houston!
For the first time I’ve started to wonder if CA has started a super secret task force or a commission or something to start addressing these relos. Not that I think they’re hugely damaging — CA’s a huge economy and these are small relative losses. But it’s definitely bad PR, and a thing you don’t want to take hold as conventional wisdom.

I mean ... when one of your legacy tech(ish) companies lights out for Houston, you’ve got a pretty big problem.
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  #960  
Old Posted Dec 2, 2020, 2:59 AM
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This is the second F500 that’s moved from CA to TX in 1 month.

First it was CBRE from LA to DFW and now it’s HPE from SF Bay to HOU.
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