I moved to Austin in 2000 and I've been a tech CEO in Austin since 2006 and VC since 2012. I've worked or done business in just about every tech hub in the US, so I have a fairly good perspective on Austin and how it compares to the rest of the nation. All I can say to that guy and many others that decided to come to Austin without any contacts, no idea of what they were doing, where to go, where to live, who to talk to, and with a huge superiority complex is -- "Bye Felicia".

EDIT: To clarify, I'm talking about the hustlers that moved in expecting to be showered with VC money just because they exist, not the workers. Also, one of the main culprits of the Austin overhype was Business Insider.