They Got Rich Off Uber and Lyft. Then They Moved to Low-Tax States.


Although Mr. McMullen has no longer labored for seven months and jokes with mates about being semiretired, he stated he plans to work once more.

“The idea of retirement as sitting on a sandy beach somewhere, I don’t think is on any millennial’s mind,” he stated. Instead, he added, his era is targeted on searching for achievement, trying to find the sort of profession that doesn’t really feel like work. His objective was to “realign life,” he stated.

Before leaving San Francisco, Mr. McMullen had drinks with one other former Uber worker — Alex Priest, 30, who had additionally turn into a millionaire from working on the firm. As the 2 caught up, they found that that they had each determined to transfer to Texas.

“Ninety-five percent of our conversations up to that point would be talk about the weather for five minutes and then talk about Uber for three hours,” Mr. Priest stated. “This was the first conversation we’d had where we talked about Uber for five seconds and then our lives for three hours.”

Last May, Mr. McMullen bought a San Francisco residence for $1.9 million; he stated the property was an funding. In Austin, the place his spouse has household, he additionally purchased a house, which Zillow lists as offered for $620,000. It is in a quickly rising neighborhood the place small ranch-style properties are being changed with multistory condos, packed two per lot.

Last month, Mr. McMullen was again in San Francisco to watch “Avengers: Endgame.” He stated he noticed it thrice in three days with completely different teams of mates. Each displaying fulfilled his expectations, he stated.

But being again in San Francisco reminded him of why he had left and made him excited to return to Texas. “Maybe we don’t want to be there our entire lives,” he stated of Austin. Still, he stated, it felt like begin.



Source link Nytimes.com

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