Palantir cofounder Joe Lonsdale already moved his family outside of the Bay Area, and now, he's moving his venture capital firm too.
Lonsdale told CNBC he has already had Michael Dell and Elon Musk over to his house since moving to Austin — Dell has long been based in the Austin region, andThe move places Lonsdale closer to the 8VC portfolio companies that based outside of Silicon Valley, according to CNBC. 8VC invests in a range of startups, including Anduril, the startup founded by Palmer Lucky that's building a virtual border wall, and Asana, the workplace software company built by Facebook cofounder Dustin Moskovitz. The firm has a number of health-focused investments, including health insurance startup Oscar, men's health company Hims, and home-care startup Honor.
Lonsdale quote: „It's generally a good idea to have awesome left hippies around for great culture / music / food etc ... just rather they don't all run the state.'
A drip turns into a trickle, and then a thin stream turns into a rivulet, which turns into a raging fucking torrent........ Great call. Silicon Valley deserves to implode into a pile of its own bullshit. For me it can't happen fast enough.
Bye