As many tech firms and other companies flee the high rent district of San Jose, CA’s Silicon Valley, they are finding Austin, TX and now Nashville, TN to be viable alternatives
“From January 2018 to June 30, 2021, at least 25 companies relocated their headquarters from California to Tennessee, according to a report by the Hoover Institution at Stanford University,” as reported in SF Gate.
“GraphiteRx, a pharmacy marketplace platform, was one of them. Founder and CEO David Zilberman launched GraphiteRx in 2018, and while the company was based in the East Bay, it didn’t yet have an office. Meanwhile, Zilberman found himself in Nashville more and more often.”“I saw that the tech ecosystem was still young, but it was growing and it felt like what Austin felt like 10 years ago,” Zilberman said. “… I was taking the long view and was thinking not three years down the road, but thinking 30 years down the road.”
“Aside from the obvious gains from big behemoths like Amazon, Facebook and Oracle opening offices there, smaller yet equally buzzy companies like Eventbrite, Lyft, Postmates and Houzz all have hubs in the city. The new Oracle office will employ 8,500 people alone. There have even been two tech “unicorns” that the city can boast about in 2021 — solar developer Silicon Ranch and software startup Built Technologies.”
In 2020, The Wall Street Journal ranked Nashville the No. 2 hottest job market in the country.