Wednesday, March 13, 2013

Phoenix's Next 'Silcon Valley' starts to Blossum

According to Forbes, we may actually be in the midst of a tech revolution right here in the valley.  As many of us know, we have been pushing the Silicon Desert idea for years, but recently new companies are moving or setting up shop here.  The word is getting out and it is just so much cheaper to begin a start-up here than in California's Silicon Valley.  According to another blog writer, Francine Hardaway, there is a talent war in the Bay area that drives up the price of technical talent and the high costs are causing them to run out of money too soon.  In addition, while it may be controversial, housing more conducive to young affluent buyers in downtown Scottsdale for instance can only help.  While the low cost of doing business here is an asset, the funding mechanisms are not yet following as quickly.  However, slowly but surely the word will be out and the venture capitalist will follow. (we hope)

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