FAREWELL, SILICON VALLEY Tech start-ups are gaining a media edge by moving to New York.
Plus, if the regulatory burden isn’t high enough in California, New York has the highest taxes in the country.
California kills you with taxes and regs and New York does too.
Why not relocate to a more tax friendly state?
Smart money (tech included) is on Texas.
“New York Has Increasing Allure (Silicon Valley has a rival)”
If true, this challenges the presumption that these techies are so smart. Trading one over-regulated, tax-everything-in-sight venue for another. One without the balmy weather.
It’s cool to be in NY or CA when your company is a start up losing money every year. When you get the venture capitalists paid off and start to make money you build your manufacturing plant in China and customer support in India.
UHm noh....They .....don’t....