Tech Town, NC

This is not breaking news, but one of the Triangle’s most successful tech startups, Motricity, is moving their headquarters at the American Tobacco Campus in Durham for the greener pastures of Bellevue, Washington. Motricity has been both a symbol of the kind of success tech companies can have in the Triangle area, and of the challenges they face when taking VC money and trying to turn a profit.

The N&O has a good look at what precipitated the move and lay-offs here, and also lifts the cover a bit on the tensions that built as Motricity tried to get out of the red. I don’t know much about the expenses of Ryan Wuerch, but from talking to people in the area, I do know that the founders, Jud Bowman, Taylor Brockman, and Wuerch, have been committed to building their company for the long haul. Sometimes that means growing pains. Though we are sad to see that the growing pains mean leaving the Triangle completely, we at TechTownNC are still rooting for the Motricity team, and would still celebrate a successful IPO. After all, sometimes you have to clear old growth to make room for the next great startup.

For more background on the Motricity move have a look at:
http://localmobilesearch.net/?p=471
http://www.newsobserver.com/business/story/980542.html

*Note – if anyone has information on the timing of the lay-offs feel free to contact us, or leave a comment