Halvorson on Luring Tech Talent Away From the Coasts

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thisCLICKS CEO Chad Halvorson & Greycroft VC Alan Patricof on Bloomberg TV

“Because we had traction and hit some really good milestones, when that happens it doesn’t matter where you are — the money and intention will flow to you.”

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  • Clayton Black

    A good confirmation of what we’re all starting to see in the midwest, but no real info on luring talent from the coast.

  • Keith Gunderson

    The talent solution is pretty easy:

    – cool project to work on
    – good pay

    Most projects in Minnesota aren’t cool, and don’t pay that well.

    There’s also a cultural difference. In Silicon Valley and New York, it feels like engineers, developers, designers are running the show. In Minnesota it still feels like the “makers” are labor, and the managers call all the shots.

    • http://tech.mn Jeff Pesek

      “In Silicon Valley and New York, it feels like engineers, developers,
      designers are running the show. In Minnesota it still feels like the
      “makers” are labor, and the managers call all the shots.”

      -Interesting perspective, Keith.

      • http://wheniwork.com/ Chad Halvorson

        Spot on.

    • http://bustoutsolutions.com Jeff Lin

      I agree with you, Keith. I always say you need two out of three in order to attract good talent:

      – Cool project
      – Good Money
      – Cool people

  • Dan

    Longer term solution: The “Lure” is our talented high school grads.
    Send our high school graduates, particularly the girls, to college out of state.
    They attract smart people. However, when it comes time to raise a family, there appears to be a strong propensity to return to the upper midwest, and bring their talent, and the talent of their spouse, with them.

    Granted, you are not directly “luring” talent to MN, but using MN talent as “lures” that ultimately “drags” out of state talent back to MN.

    I don’t have hard data on this, just repeated anecdotal observation. But the data probably exists somewhere. MPC, DEED, SLEDS…

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