A Software Hub In Minnesota?
22 Oct 2020
Cities all over the world have attempted to replicate Silicon Valley with varying levels of success. Decades ago, so did we in Minnesota. VC-based software startups didn’t sprout. Over the years, several local venture capital firms left town for California and set up scouting stations here to encourage promising software startups to move there.
Circumstances have changed. The Bay Area’s cost of living and commute times are oppressive. In the San Francisco metro area, an annual income of $139,400 for a family of four qualifies as low income. Earning six figures might not be enough to make ends meet. Talented developers with families are being forced out.