Actually that wasn't the question pg asked. He asked if NYC would ever surpass the valley and concluded that, among many reasons, the fact of NYC as a finance h

Actually that wasn't the question pg asked. He asked if NYC would ever surpass the valley and concluded that, among many reasons, the fact of NYC as a finance hub could create enough competition for devs that it might actually prevent NYC from ever surpassing the valley, i.e. there might not be enough focus on start-ups for start-ups to win.