A vocal band of Colorado software engineers and venture capitalists are increasingly grumbling that their tech haven in the Rocky Mountains is devolving into the place of their nightmares: California.
During the 2010s, the stretch from Boulder to Colorado Springs, dubbed “Silicon Mountain” for its concentration of founders, was minting a new startup every 72 hours. Now a collection of more than 300 business leaders say burdensome regulations are hindering growth—and that as a result, dozens of companies are skipping town.
A widely circulated report last month from the state’s chamber of commerce reported a loss of publicly traded companies based in the state, estimating that Colorado had lost workers from some 98 firms to relocations or failed site-selection opportunities since 2019.
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