There are many reasons to be proud of Colorado’s evolution as a viable tech and startup community over the last 10-15 years. SendGrid had a giant IPO success and it looks like PopSockects has the same fate in its near future. Denver Startup Week has evolved into a truly impactful driver of world-recognized startup thought leadership. This evolution, the growth of venture capital presence in the Front Range, and the amazing lifestyle perks make Colorado an ideal tech candidate’s haven; music to our ears for sourcing talent. And it's true, we've been in the team-building business since 2001 and the last few years have been a hockey-stick growth curve of the quality and volume of tech candidates. So, you ask…
This is true, Denver is attracting lots of new talent looking for a refuge from the cost of living in the main tech hubs of San Fran, New York, and Boston. We even have a state-funded campaign, Pivot to Colorado, that’s sole purpose is to recruit talent directly from the Bay Area. But candidates are not the only ones targeting Colorado, many of the bigger venture funded and/or already successful startups are looking at Denver as a potential headquarters location.
This might initially sound amazing, but it spells hard times coming for tech businesses who are Colorado-based and Colorado-founded.
Things are going to get harder, but it is time to lean into what makes Colorado awesome and be truthful with the situation. Many smaller Colorado companies will not be able to compete directly with the sheer cash backing that the SF based companies bring to the table. If you lean into what it means to be Coloradan and your company's mission/impact alignment, you can compete on a totally different playing field.
Here at BWBacon Group, we know and live what you are experiencing as an employer or job seeker in Denver, Boulder, Dallas, San Francisco, New York City or any of the other cities we work in. We believe great recruiting starts and ends with understanding people.
If you have any questions about living, working or playing any of the areas we serve, please contact us. We are happy to help. Seize the day, every day, that’s what we say!