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I can speak from experience when I say that Austin's entrepreneurial community is welcoming, supportive, and full of very sharp folks. You should definitely check out the Lean Startup group (http://www.meetup.com/Austin-Lean-Startup-Circle/). Our next meetup is a joint holiday mixer with a lot of other Austin groups (like Austin on Rails), and it promises to be a great way to meet a ton of folks.

Also, I'm not sure if you're looking for a workspace with a lot of people in the same position, but we've really benefited from participation in the Austin Technology Incubator.

Edit: why do I say folks so much?

How big is the Austin startup community? Austin seems like a hell of a lot nicer place to live than the Bay Area, but I'm afraid I'd miss the incredible magnitude of the support available to startups here.

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