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Which is why it will never really be Silicon Valley. No risk, no reward. NY is too expensive for anyone to sit around and take risks, likewise, it will never

Which is why it will never really be Silicon Valley. No risk, no reward. NY is too expensive for anyone to sit around and take risks, likewise, it will never see the real reward.

meddlepal 8y ago
Implying Silicon Valley is affordable compared to NYC is silly. The Californian "Try It" attitude is basically the equivalent of throwing shit against the wall while using other people's money. It works sometimes, but it's a terrible strategy that only works because VCs hit a unicorn that wipes out all the mistakes every so often.
- adventured 8y ago
  > it's a terrible strategy that only works because VCs hit a unicorn that wipes out all the mistakes every so often The "only" part of that doesn't actually invalidate the fact that it works. What you said is: it's a terrible strategy that has worked extraordinarily well. It's a great strategy that has been shown to work across five decades of tech upheavel, precisely because it does pay for itself over time and keeps generating returns for institutional money. That it works so well is why it has all kept getting bigger as the positive results roll forward. It also produced the greatest concentration of tech dominance and invention the world is likely to ever see in one place.
  - Apocryphon 8y ago
    Maybe it's time for some daring innovators to disrupt this rickety archaic model?
code4tee 8y ago
Your argument is that Silicon Valley is an economical place to do business relative to NYC and that New York, with its centuries long history of immigrants turning up with nothing and “making it,” don’t take risks? Tell me more. :-)
keiferski 8y ago
It is dramatically easier to live on a budget in the NYC metro area than anywhere in the Bay Area...
AznHisoka 8y ago
What is this “real reward”? Housing is cheaper in NY (though certainly not inexpensive). Last I checked, we still have theaters, museums, clubs, etc too. Ok weather is a problem.
- wbl 8y ago
  NYC has far better museums then SF.
CoolGuySteve 8y ago
Similar properties to those suburban bungalows where HP, Apple, and Google where founded are easily selling for $1.5 million now. My Brooklyn apartment is about the same cost per sqft. I don’t have a yard but my access/commute to the metro core is much better.
amyjess 8y ago
New York doesn't want to be Silicon Valley, though. New York is an Alpha++ world city. When New York looks to compete with other cities, it competes with other Alpha++ and Alpha+ cities. New York doesn't even think about SV. It thinks about London, Hong Kong, Paris, Tokyo, etc.

Which is why it will never really be Silicon Valley. No risk, no reward. NY is too expensive for anyone to sit around and take risks, likewise, it will never see the real reward.

meddlepal 8y ago

Implying Silicon Valley is affordable compared to NYC is silly. The Californian "Try It" attitude is basically the equivalent of throwing shit against the wall while using other people's money. It works sometimes, but it's a terrible strategy that only works because VCs hit a unicorn that wipes out all the mistakes every so often.

adventured 8y ago
> it's a terrible strategy that only works because VCs hit a unicorn that wipes out all the mistakes every so often The "only" part of that doesn't actually invalidate the fact that it works. What you said is: it's a terrible strategy that has worked extraordinarily well. It's a great strategy that has been shown to work across five decades of tech upheavel, precisely because it does pay for itself over time and keeps generating returns for institutional money. That it works so well is why it has all kept getting bigger as the positive results roll forward. It also produced the greatest concentration of tech dominance and invention the world is likely to ever see in one place.
- Apocryphon 8y ago
  Maybe it's time for some daring innovators to disrupt this rickety archaic model?

code4tee 8y ago

Your argument is that Silicon Valley is an economical place to do business relative to NYC and that New York, with its centuries long history of immigrants turning up with nothing and “making it,” don’t take risks? Tell me more. :-)

keiferski 8y ago

It is dramatically easier to live on a budget in the NYC metro area than anywhere in the Bay Area...

AznHisoka 8y ago

What is this “real reward”? Housing is cheaper in NY (though certainly not inexpensive). Last I checked, we still have theaters, museums, clubs, etc too. Ok weather is a problem.

wbl 8y ago
NYC has far better museums then SF.

CoolGuySteve 8y ago

Similar properties to those suburban bungalows where HP, Apple, and Google where founded are easily selling for $1.5 million now. My Brooklyn apartment is about the same cost per sqft. I don’t have a yard but my access/commute to the metro core is much better.

amyjess 8y ago

New York doesn't want to be Silicon Valley, though. New York is an Alpha++ world city. When New York looks to compete with other cities, it competes with other Alpha++ and Alpha+ cities. New York doesn't even think about SV. It thinks about London, Hong Kong, Paris, Tokyo, etc.