The Tumblr acquisition was the best possible outcome for the NYC startup scene. The author is right that for NYC to really try to claim competitiveness with th

The Tumblr acquisition was the best possible outcome for the NYC startup scene. The author is right that for NYC to really try to claim competitiveness with the Bay Area they need some big exits that establish anchor tenant companies. They need their own Google, or Sun, or Facebook. But let's be honest, Tumblr was never that company. They didn't, don't, and probably will never have the kind of revenue required to be a Google or a Facebook. Tumblr took Yahoo's offer because a massive IPO and becoming a giant amongst NYC's tech companies was clearly not going to happen. So they did the next best thing: they showed that large, successful exits are possible in NYC startups. We're still waiting for a Google here, and it'll probably take years to get one, but Tumblr was anything but bad for the local tech scene.