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Folks on the east coast are often hesitant to move to the west coast because of distance from family. I think the west coast already has plenty of tech hubs so who do they draw talent from? Who wants to leave the Valley for Reno? Outside of gambling and tourism what major anchors are there?

Austin became a tech hub over decades due to anchors like UT, National Instruments, Dell, Intel, IBM, etc.

I think there's more appetite now because the housing crisis in CA has really reached a tipping point (IMO). There's plenty of inflow into cities like Vegas from CA. Housing prices have rebounded but still relatively speaking cheap.

Why would you want to live in Vegas? Bleh.

Reno is really small, but agree it's too bad Vegas hasn't become a major hub for more companies. The best thing is there are so many cheap direct flights, especially during the weekday. And only ~1hr from SFO and less than that from LAX...

Also has really, really beautiful nature in the outskirts. And the weather is great outside of 3 months/year.