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Tech Leaders Fled San Francisco During the Pandemic. Now, They're Coming Back.

Founders and investors who moved to Miami and elsewhere are returning to a boom in AI and an abundance of tech talent. From a report: In 2020, venture capitalist Keith Rabois urged startup founders to join him in ditching San Francisco for Miami, praising the city's safety, lower taxes and tech-frie...

From a report: In 2020, venture capitalist Keith Rabois urged startup founders to join him in ditching San Francisco for Miami, praising the city's safety, lower taxes and tech-friendly mayor. The self-proclaimed contrarian investor, who made a fortune backing companies such as Airbnb and DoorDash, once tweeted that San Francisco was "miserable on every dimension." During the pandemic, scores of Silicon Valley investors and executives such as Rabois decamped to sunnier American cities, criticizing San Francisco's dysfunctional governance and high cost of living.

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