The great thing about working for an Internet company (I'm assuming you do since you've been on Hacker News for a while) is that you can really live anywhere. I moved my most recent startup to Austin after living in the Valley for 10 years and SoCal for 2. I'm already ridiculously happy with the move. And it seems like much of California is following me here--we are even getting an In-N-Out Burger this year!
Austin is a great place to run a company. Lower cost of living, lower taxes, and now Google Fiber. Plus the people here are amazingly friendly. I'm happy to compare/contrast vs. the Valley or SoCal--shoot me an email (email in my profile) if you have questions.