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July 31, 2012 09:05 pm

Is Phoenix the Next Silicon Valley?


SpicyBrownMustard writes "There's no secret to a rising level of 'Silicon Valley fatigue' lately, and the new reality show certainly isn't helping. And with hacker hostels packing in twenty somethings fueling the 'it's okay to fail' incubator culture that now is actually hurting startups, it's no wonder weariness with the culture is setting in. Forbes.com asks the question: Is Phoenix The Next Silicon Valley? The article covers a startup with a couple names you might know, who picked Phoenix due to its much lower cost of living and different quality of life. The startup's CTO, 'explains that having so much more financial freedom lowers the stress associated with working for a startup, as he can enjoy work/live balance.' Their location certainly didn't hurt fundraising, as they managed $2 million in seed capital. Are we indeed moving on from Silicon Valley for tech startups?"

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/RbTK4eHFIQ0/is-phoenix-the-next-silicon-valley

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