| Hi, Sarah McBride here. Tech investor Shervin Pishevar tweeted out a picture of a golden sunset over the ocean last week. In the image, beachside skyscrapers stood visible in the distance. The caption read: "Siri, move me to Miami." The picture would soon be a billboard, Pishevar said, "coming to a city near you." In recent months, Miami has been having a moment. Venture capitalist Keith Rabois said he was moving there, as did VC David Blumberg. Meanwhile Goldman Sachs is considering transplanting its asset management arm to South Florida and Elliott Management Corp. is moving its whole headquarters. This year has seen an exodus of technology bigwigs and large corporations from the Bay Area, and not just to Miami. In early December Elon Musk said he moved to Texas, where he'll soon be joined by Hewlett Packard Enterprise Co. and Oracle Corp. Widespread departures have sent San Francisco rents tumbling by 35%, and prompted a litany of think pieces about whether Northern California's tech Mecca as it currently exists can survive the work-from-home era. One sign Silicon Valley will make it: Startups, the lifeblood of the tech ecosystem, don't seem to be eager to leave. For starters, Florida and Texas can't compete with California on weather. And those states' lower taxes—a big draw for large tech corporations and established investors—don't have the same draw for small, scrappy companies. After all, most founders pour their resources into their startups, deferring big paychecks. That means they aren't much affected by California having the nation's highest top marginal tax rate of 13.3% for big earners. (Not yet, anyway.) In terms of furnishing the capital that startups need to grow, it's hard to beat the Bay Area. Startups in greater San Francisco and San Jose have raised more than $56 billion so far this year. The greater New York Area remains a distant second, at $16 billion, slightly ahead of greater Boston, at $15 billion, according to PitchBook, a research firm.  And in terms of tech talent, again, the Bay Area has long stood apart for the high numbers of experienced and motivated—albeit pricey—engineers, data scientists and the like. "To achieve rapid growth, you need the robust network of talent to recruit fast," said Ayako Yasuda, a finance professor at the University of California, Davis. She added that it helps to have people who aren't just technically savvy, but who also have experience building companies. "That experimentation mindset is still somewhat unique to the Bay Area," she said. Of course, the Bay Area doesn't have a monopoly on tech. Venture capitalists are on track to invest more than $140 billion in startups this year, up from $85 billion five years ago, according to PitchBook. That means most big metro areas are seeing gains, even if California has retained its relative supremacy. And as many realize they can increasingly work remotely it makes sense for other parts of the country to pitch themselves. For example, last week, Miami Mayor Francis Suarez hosted an online event highlighting his city's growing tech scene, designed to attract more techies to the area. Greater Miami is not yet in the top 10 list for startups, either by funds raised or number of deals, according to the PitchBook data. This year through Dec. 11, VCs had invested roughly $1 billion in Miami area startups—up from $489.9 in 2015, but still well behind other cities like Denver, at $1.53 billion, and Minneapolis, at $1.5 billion. So Miami is happy to have Pishevar's billboards. The city won't be paying for them, said a spokeswoman for the mayor, but officials support the effort. "We are super thankful that there are private investors willing to help us create a tech hub," she said. —Sarah McBride | 
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