Why Palantir co-founder Joe Lonsdale is leaving Silicon Valley

Palantir co-founder Joe Lonsdale is following the lead of the software company he helped create and moving his venture firm out of California. Earlier this year, Londsdale relocated his family from the Bay Area to Austin, Texas. He’s now doing the same with his firm, 8VC, though he told CNBC he’ll keep its San Francisco office open for employees that are staying. The exodus from Silicon Valley and San Francisco has picked up steam during the eight months of the coronavirus pandemic, which forced offices across the country to shut down and tech workers to retrofit their homes and apartments.

Read more about why Palantir co-founder, Joe Lonsdale is moving his venture capital company 8VC out of Silicon Valley on CNBC.

For more see : Palantir.