timelets

http://pando.com/2014/08/26/russias-io-relocates-to-nyc-prepares-to-launch-her-style-intelligent-local-discovery-platform/

The company is in the process of relocating its operation from Moscow to New York, including transporting its 10 person engineering team, and will launch a US version of its iOS app – focusing initially on New York City – in beta in September, according to co-founder and CEO Zhenya Kuyda. A full commercial launch is currently slated for November.

Keeping developers in Moscow is more difficult than in NY. Human capital follows the flight of financial capital. The same pattern can be observed in India and Mid East, except Israel.