The "War" For Top Talent In Silicon Valley

The unemployment rate in Silicon Valley may be higher than the nine percent national average, but that’s not making it any easier for some young technology start-ups looking to hire engineers.

Todd McKinnon, the co-founder and chief executive of San Francisco software start-up Okta Inc., calls the competition for top talent “a war.” His company, which this year raised $10 million in Series A funding from venture firm Andreessen Horowitz and angel investors, plans to spend 80 percent of its new capital on salaries, mostly for engineers.

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