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Thank you for sharing this wonderful and informative article. I particularly found this part interesting.
“On the other hand, our biggest challenge with early stage ventures in N.C. besides available funding is available/affordable talent. As Epic, Google (Nasdaq: GOOG) and others continue to expand here, they continue to drive up the price of that talent and reduce the supply.”
Thank you for sharing this wonderful and informative article. I particularly found this part interesting.
“On the other hand, our biggest challenge with early stage ventures in N.C. besides available funding is available/affordable talent. As Epic, Google (Nasdaq: GOOG) and others continue to expand here, they continue to drive up the price of that talent and reduce the supply.”
Big time. My employer is going through it now.
Turning away client work (demand for which has gone through the roof) because competitors are backing up the Brinks truck for talent. (I'm actually in discussions right now with a competitor who if they back it up for me, I'll be another loss for my current employer)
Supply and demand for talent is a funny thing. Supply is not static. Think of how many engineers landed in Silicon Valley/Bay Area (Apple, Google, etc) or Seattle (Microsoft) in the last 35 years. If the Triangle earns and retains that kind of buzz, supply will arrive to match demand. Housing prices aren't really an issue. I remember when a 1400-sq ft bungalow in Menlo Park first sold for a million dollars (yes, I'm that old). The area continued growing regardless. What does matter: lifestyle, the social and political climate, expansion in the job market, transportation and housing, and the opportunity to get rich.
Supply and demand for talent is a funny thing. Supply is not static. Think of how many engineers landed in Silicon Valley/Bay Area (Apple, Google, etc) or Seattle (Microsoft) in the last 35 years. If the Triangle earns and retains that kind of buzz, supply will arrive to match demand. Housing prices aren't really an issue. I remember when a 1400-sq ft bungalow in Menlo Park first sold for a million dollars (yes, I'm that old). The area continued growing regardless. What does matter: lifestyle, the social and political climate, expansion in the job market, transportation and housing, and the opportunity to get rich.
I'm not in IT but would welcome Cary becoming the Silicon Valley of the South East. Is that realistic, though, given that Cary doesn't really have citywide fiber optic availability like say Chattanooga, TN does?
I'm not in IT but would welcome Cary becoming the Silicon Valley of the South East. Is that realistic, though, given that Cary doesn't really have citywide fiber optic availability like say Chattanooga, TN does?
I mean, most places don't have a citywide fiber network. Companies can easily get whatever service they need.
Google Fiber is only available in a small fraction of Cary, mostly West Cary and a bit around the northern arc of Maynard. Think that's about as far as they've gotten.
But fiber in general is becoming pretty widely accessible, and I don't think we're particularly behind most of other areas. Actually think we're one of the leaders, although we don't have organized municpal fiber networks, thanks partly to the state legislature.
Google Fiber is only available in a small fraction of Cary, mostly West Cary and a bit around the northern arc of Maynard. Think that's about as far as they've gotten.
Google Fiber is only available in a small fraction of Cary, mostly West Cary and a bit around the northern arc of Maynard. Think that's about as far as they've gotten.
But fiber in general is becoming pretty widely accessible, and I don't think we're particularly behind most of other areas. Actually think we're one of the leaders, although we don't have organized municpal fiber networks, thanks partly to the state legislature.
We just got our Ting service turned on on Monday. When the guy was here running the line from our smart closet to the crawlspace door a couple weeks I asked him what the issue was (regarding fiber availability in the Western Suburbs but not out here in the Eastern Suburbs) as I had been told the Mayor of WF turned Google away years back.
He explained some law here that kept ISPs from running fiber over the rivers (Neuse I presume is the one in question)...I was left speechless.
This isn't a new concept. We solved the "don't damage the environment" aspects of that (at least in other parts of the country) decades ago. Anyone from CT, RI and MA has seen utility lines running over the mouth the of the CT River at Old Saybrook and around the Fort Point Channel in Boston and Foreriver in Quincy for the T/Electric Buses. And it isn't like a fiber line is as unsightly as power lines are.
The best broadband in the US isn’t in New York or San Francisco. It’s in Chattanooga, Tennessee. And it’s owned by the city’s government—which makes it a shining case study for president Joe Biden’s push to have more municipal authorities build and run internet infrastructure.
So I'm a fan of Epic's Unreal Engine 4 and I'm really looking forward to Unreal Engine 5. It's part of the reason I want a PlayStation 5 so badly after having seen the engine's tech demo running on PS5 hardware.
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