David Sacks' prediction sparks debate: 'Miami will replace NYC as the finance capital and Austin will replace SF as the tech capital'

"Is Miami destined to be the new Wall Street, and Austin the next Silicon Valley? "All-in" podcaster and White House AI czar David Sacks thinks so. Sacks kicked off a New Year's social media debate by declaring that Miami will overtake New York as the nation's financial capital - and that Austin is poised to replace San Francisco as the center of tech."

"Garry Tan, who runs Y Combinator, the influential startup accelerator behind Airbnb, Stripe, and Dropbox, weighed in, saying the firm hasn't expanded beyond San Francisco because founders are still much more likely to build successful, product-market-fit unicorns in the region. We haven't done it yet because it is much more likely that people create successful PMF unicorns staying in SF Bay Area at a rate of 2.5x moreNYC is about 2x- Garry Tan (@garrytan) December 30, 2025 Tan recently said he would consider opening an Austin outpost if California moves forward with a proposed billionaire tax. The ballot measure would impose a one-time 5% levy on California residents with assets exceeding $1 billion and could go before voters in November if it qualifies."

A high-profile prediction asserted that Miami will overtake New York as the nation's finance capital while Austin will supplant San Francisco as the tech hub. The prediction provoked online debate, with some endorsing relocations and others defending incumbent hubs. Venture firms Craft Ventures and Thiel Capital have opened offices in Austin and Miami, and ultrawealthy investors are weighing moves amid a proposed California billionaire tax. The proposed measure would impose a one-time 5% levy on residents with assets above $1 billion. Tech leaders pointed to higher product-market-fit rates in the Bay Area, complicating relocation decisions.

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