Cheering For Silicon Alley Instead Of The Valley

New YorkThanks to a constant stream of positive news, including the almost gospel reverence accorded the Pricewaterhousecoopers-NVA report from last year that put venture funding at a historic high, New Yorkers are anticipating the oncoming polar shift from the Valley to the Alley. Such is the tone and substance of Tristan Louis’ glowing piece (click the source link for the full article). In it, the seasoned journo aggregated a collection of his most insightful material to make the case for the Big Apple.

According to him, New York is fast becoming numero uno because of its environment, people, and its ingrained business sense (“business first, then party”). It also has an immense advantage in a new frontier–social media. Perhaps the most telling indicator that New York will soon displace the West Coast is the exodus of engineers that’s been reported on several previous occasions here at New York Tech Blog.

Tristan’s points aren’t infallible though. VC funding may be pouring into so many startups at the moment, but there are still a few hurdles the Big Apple tech scene has to surmount. First is infrastructure. Fred Wilson put it best here. Second, there’s a startling lack of cooperation between the NYCEDC and local entrepreneurs, which is strange since they’re supposed to help each other. Last, Google may now be in town, but all the biggest companies are still based in the Valley. While the future of NY tech is indeed very bright, there’s still some way to go before it attains epicenter status.

Via: Business Insider

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  • http://www.tnl.net Tristan Louis

    Hey,

    Thanks for the shout-out. My points are indeed not infallible. All I provide is a direction I think this could go in. Up until recently, the only talk has been about NYC becoming equivalent to the valley but the data seems to give us a potential advantage.

    Of course, this is mostly an academic debate as other tech centers around the world could challenge the US dominance. Either way, it's an interesting development, as far as I see it.

  • http://www.tnl.net Tristan Louis

    Hey,

    Thanks for the shout-out. My points are indeed not infallible. All I provide is a direction I think this could go in. Up until recently, the only talk has been about NYC becoming equivalent to the valley but the data seems to give us a potential advantage.

    Of course, this is mostly an academic debate as other tech centers around the world could challenge the US dominance. Either way, it's an interesting development, as far as I see it.

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