Oracle move great for Houston, hopefully.

[ParaguaneroSwag]

Originally Posted by LocalPlanner

Yes, historically Houston has lagged, but that is hopefully changing with the measures that PS describes, plus greater attention from venture capital players. The latter has been the most difficult aspect of this, because they tend to want to fund only entrepreneurs that are in their geographical backyards or in a pre-defined cluster (like Austin). Even if something got funded, the VC made it move to San Diego or wherever.
Historically, Houston's VC money has gone to oil and gas, because that's what they know and that's what's been here - kind of a self-perpetuating silo. But with a lot effort, many folks (not least the TMC itself) are working on changing this. BioHouston was started in the early 2000s (or maybe earlier?) and was tasked with local biotech commercialization and attraction of VC but pretty much went nowhere - I think because the other major players just didn't devote the energy to it, and without things like TMCx and TMC3 going on, the players outside of Houston had enough to focus on in their own backyards.

Yes. But this has changed a lot in the last 4 years or so. There was a boom in the early 2000s that I think thw 3 digit oil price caused a distraction on.

[LocalPlanner]

Originally Posted by ParaguaneroSwag

Yes. But this has changed a lot in the last 4 years or so. There was a boom in the early 2000s that I think thw 3 digit oil price caused a distraction on.

Yes, I think there's been a shift in "rich-person mindset" in Houston.

[ParaguaneroSwag]

Originally Posted by HookTheBrotherUp

Now that Oracle is moving their headquarters from California to Austin, I think it will benefit Houston greatly. Hopefully we start to see new startups in Houston/Austin, and not California. https://www.chron.com/business/artic...g-15795693.php

Well this clearly didn’t happen. And that ship has just sailed to Nashville. Maybe it will benefit Memphis B) .

The one tech company whose expansion in Austin is benefitting Houston, however, is Samsung. Some of their engineering functions for the fab in Taylor have been assigned to the West Chase office.

[SanJac]

Originally Posted by ParaguaneroSwag

Well this clearly didn’t happen. And that ship has just sailed to Nashville. Maybe it will benefit Memphis B) .

The one tech company whose expansion in Austin is benefitting Houston, however, is Samsung. Some of their engineering functions for the fab in Taylor have been assigned to the West Chase office.

What’s crazy is Ellison said they chose Memphis because of its medical industry. Did Houston even compete? Plus Ellison’s son apparently lives in Memphis? So many corporate HQ location decisions are less strategic than you think. The rumor is Neri brought HPE HQ to Houston because he missed living in The Woodlands and playing soccer with all his latin buds…

[ParaguaneroSwag]

Originally Posted by SanJac

What’s crazy is Ellison said they chose Memphis because of its medical industry. Did Houston even compete? Plus Ellison’s son apparently lives in Memphis? So many corporate HQ location decisions are less strategic than you think. The rumor is Neri brought HPE HQ to Houston because he missed living in The Woodlands and playing soccer with all his latin buds…

Nashville*. The Memphis reference was a joke and Reference this thread.

They didn’t choose Nashville just because of the medical industry. It’s more of a matter of that they already had expansion plans in Nashville and the fact that they are looking at the medical industry for growth and what Nashville has is a plus. While they likely had something up their sleeve for years, their plans for Nashville were long before the Cerner acquisition. And While Houston is obviously a medical hub, it’s not a corporate medical hub the way Nashville is. No place in America is a corporate medical hub like Nashville is.

Austin is getting competitive. Oracle in Austin had to compete with Apple, Facebook, Google, Amazon and the rest. In Nashville there’s not near that level of competition. Nashville is no where near that competitive and Oracle is betting on them.

And to begin with, Oracle’s presence in Austin isn’t particularly huge to begin with. In fact, they have less employees right now than they did before Oracle decided to reconstruct there to begin with. The whole time, Austin was little more than a tax break move.

I think Nashville makes perfect sense for Oracle. Their other option was Kansas City where their Cerner acquisition took place.

[SanJac]

Originally Posted by ParaguaneroSwag

Nashville*. The Memphis reference was a joke and Reference this thread.

They didn’t choose Nashville just because of the medical industry. It’s more of a matter of that they already had expansion plans in Nashville and the fact that they are looking at the medical industry for growth and what Nashville has is a plus. While they likely had something up their sleeve for years, their plans for Nashville were long before the Cerner acquisition. And While Houston is obviously a medical hub, it’s not a corporate medical hub the way Nashville is. No place in America is a corporate medical hub like Nashville is.

Austin is getting competitive. Oracle in Austin had to compete with Apple, Facebook, Google, Amazon and the rest. In Nashville there’s not near that level of competition. Nashville is no where near that competitive and Oracle is betting on them.

And to begin with, Oracle’s presence in Austin isn’t particularly huge to begin with. In fact, they have less employees right now than they did before Oracle decided to reconstruct there to begin with. The whole time, Austin was little more than a tax break move.

I think Nashville makes perfect sense for Oracle. Their other option was Kansas City where their Cerner acquisition took place.

That makes perfect sense. I would also add that Oracle is not in the same league as Apple, Google, Meta, etc. They are more akin to HPE.