As if to prove my earlier point, the N&O reports local startup Saffron Technology is packing up for the West Coast – not for more favorable taxes but for the West Coast’s “wealth of talent.”
Wrong again, governor.
Saffron Technology, a homegrown big data analytics software company, plans to shift its headquarters from Cary to the Silicon Valley after raising $7 million in new funding.
Despite the move, CEO Gayle Sheppard said she expects the company’s 12-person Cary office to double in size by the end of the year. That would keep pace with the growth of the overall company, which she anticipates swelling from 20 to 40 employees in 2014 thanks to the new round of funding.
“We should not think of this as leaving Cary behind by any means,” Sheppard said. “I see that operation as an important part of our future. Terrific talent there.”
Nonetheless, Sheppard said that moving Saffron’s headquarters to Silicon Valley was designed to help it recruit the “wealth of talent” on the West Coast.