3 ms·
My own hunch is that it's at least partly to do with the 2008 banking crisis, where NYC was the epicenter. How many of those smart, driven people who are making
by curun1r 11y ago
My own hunch is that it's at least partly to do with the 2008 banking crisis, where NYC was the epicenter. How many of those smart, driven people who are making their mark in NYC startups would have, instead, been drawn into finance if it hadn't been for that chaotic period where Wall Street's draw was lessened? I'd bet that what we're now seeing is at least partially the natural consequence of a temporary interruption in the "brain drain" from the finance sector where, 6-8 years into their careers, these talented people are starting to make their mark.
I wonder whether it will be sustainable now that finance is, once again, able to recruit the best and brightest who want to work in NYC. Silicon Valley will always have this advantage over NYC...out west, tech is king. In NYC, no matter how successful tech gets, it's always going to be smaller than Wall Street.
- yellowstuff 11y ago> I wonder whether it will be sustainable now that finance is, once again, able to recruit the best and brightest who want to work in NYC. Banks are still cutting jobs, and many hedge funds have had a rough patch for the last few years. What finance companies are recruiting the best and brightest?
- Tiksi 11y agoI'm a Sysadmin/ops guy these days, not strictly a dev, and I wouldn't put myself into the "best and brightest" category, so my experience might be different, but I have a constant barrage of calls and emails from recruiters for hedge funds, hft companies, and some other finance related companies (I generally stop reading the second I see that it's a finance company so I'm not sure what they actually do)