They got rich with Uber and Lyft. Then they moved to low tax states.
Although Mr McMullen has been out of work for seven months and jokes with friends about his semi-retirement, he said he plans to work again.
âThe idea of ââretirement like sitting on a sandy beach somewhere, I don’t think that’s in the mind of a millennial,â he said. Instead, he added, his generation is focused on finding fulfillment, looking for the kind of career that doesn’t look like work. His goal was to “realign life,” he said.
Before leaving San Francisco, Mr. McMullen had a drink with another former Uber employee – Alex Priest, 30, who had also become a millionaire while working at the company. As the two caught up with each other, they found out that they had both decided to move to Texas.
âSo far 95% of our conversations have been about the weather for five minutes, then about Uber for three hours,â Priest said. “It was the first conversation we had where we talked about Uber for five seconds, then our lives for three hours.”
Last May, Mr. McMullen bought a house in San Francisco for $ 1.9 million; he said the property was an investment. In Austin, where his wife has family, he also bought a house, which Zillow lists as sold for $ 620,000. It’s in a rapidly growing neighborhood where tiny ranch-style homes are being replaced by multi-story condos, packed two per lot.
Last month, Mr. McMullen was back in San Francisco to watch âAvengers: Endgameâ. He said he had seen her three times in three days with different groups of friends. Each screening met his expectations, he said.
But being back in San Francisco reminded him why he left and made him excited to return to Texas. âMaybe we don’t want to be here our whole life,â he said of Austin. Still, he said, it seemed like a good start.