Tuesday Capital is far from alone is choosing to move its headquarters from the Bay Area to Austin. Other venture firms to do so in recent years include Founders Fund, Mithril Capital, 8VC, and Breyer Capital, among others.
Austin seems to agree with Tuesday Capital. When the 12-year-old seed-stage outfit originally called CrunchFund was co-founded by longtime VC Patrick Gallagher and TechCrunch founder Michael Arrington, it was interwoven with the Silicon Valley scene. Part of the shift owes to the pandemic, when many venture firms began meeting with far-flung founders online.