Austin and Miami were supposed to be the new tech start-up hotspots after the great COVID WFH migration. The zeitgeist was the SF Bay area was played out for a multitude of reasons the departees were only too happy to blog about. Austin and Miami also have a bunch of investors without a background in tech - in all, lot's of new players in a high-growth area make it a target-rich environment for those lacking scruples.

Rich people start hyping these places

Eager eyed entrepreneurs follow

And the sharks are just waiting