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A rich bounty of technology talent, nearby centers of cutting-edge technical research, perpetually pleasant weather, and plenty of money helped make California's San Francisco Bay Area an IT and cybersecurity mecca. Yet one glance at current real estate prices in Silicon Valley may send one running toward rainy weather and lower rent.
The cost of doing business is just one factor driving cybersecurity companies to pursue their fortunes elsewhere. And as infosec businesses in other places in the world catch fire, setting down stakes in the Bay Area grows not only less appealing, but less necessary.
"There is a general trend of saying 'big cities are too expensive,'" says Hank Thomas, CEO of American cybersecurity venture capital firm Strategic Cyber Ventures (SCV). That's pushing startups and major players alike to set up shop in second-tier cities instead.
Thomas also says he's beginning to see a new entrepreneurial spirit: More infosec professionals are confidently striking out on their own to launch startups, when only four or five years ago that was less common. Individuals with backgrounds in military or government defense, for example, or those with backgrounds in hardware are creating their own security products companies — more so than security services — and establishing headquarters in their own backyards.
"The key ingredients, in my opinion, for success of cybersecurity, which Silicon Valley has, are ..
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