I remember raising money in mid-2004 and having VCs lose interest when they heard we were based in NYC. One offered to invest on the condition that we move to

I remember raising money in mid-2004 and having VCs lose interest when they heard we were based in NYC. One offered to invest on the condition that we move to the Bay Area or Boston. Around the same time, post-9/11, a lot of the big banks were moving their engineering operations (at least, as much as they could), offshore or to cheaper parts of the US. It was difficult at the time to envision NYC becoming a real tech city.