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They aren't referring specifically to engineering. Sales, marketing, finance, and operations proportionally grow as a business scales. Engineering (R&D) trend
by fraserharris 11y ago
They aren't referring specifically to engineering. Sales, marketing, finance, and operations proportionally grow as a business scales. Engineering (R&D) trends downwards to 6 - 10% of expenses (whereas at a seed-stage it could be 50 - 80% of expenses). Senior leaders for these business operations are not readily found in Vancouver or any other locale without a critical mass of public / mature technology companies. This is actually part of Silicon Valley's enduring success: a readily available workforce for all stages of technology companies.
- ryandrake 11y agoHmm, I wonder what companies could do to attract sufficient talent into Vancouver? If only there was some way to "compensate" people for moving somewhere to take a job!
- fraserharris 11y agoIt's more than that and the article alludes to it. Vancouver doesn't yet have the critical mass of tech companies for employees to land at if the startup fails. For a senior executive with a family, that means relocating to another city if things don't work out. Thats a significant dis-incentive to join.