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According to Brad Feld's book "Startup Communities" you have to be committed to a place for 10 years to see any real change. He mentions politicians as being t
by Killah911 12y ago
According to Brad Feld's book "Startup Communities" you have to be committed to a place for 10 years to see any real change. He mentions politicians as being too short sighted for not being able to carry thru for that long. I'm not sure if it's been 10 years for the New York Startup scene, but maybe NY Times is being a little hasty. If the current political establishment keeps it's support up and so does the next batch, I think the NY has a very decent chance indeed.
However, it's the tough times that will tell whether NYC Startup Culture endures, especially when the hype has died down and the economy has had another mood swing. I remember after the 90's .com boom people in the city acted like tech was over (the boom and subsequent bust was surreal on the people's part too, I thought), but what it proved was when the party's over, all the riff raff falls away and only tech companies that were fairly strong not only made it thru, but thrived.
NYC, shouldn't be Silicon Valley, only Silicon Valley can be that! The city, despite it's many "issues" is one of the most amazing places on earth. I hope the tech that comes out of there is just as amazing and real. Cheers!
- mathattack 12y agoIt's also a question of if you are looking in the right places. NY startups tend to be less pure technology plays that need lots of VC money, and tend to be tied to information intensive industries like advertising and finance. Fintech startups frequently are cash flow positive by the time they hit 20 employees. These aren't game breakers that will get multi-billion dollar valuations, but they build from strength and don't need to become monsters. The biggest hold-up is actually the cost of living in NYC. It's worse than the Bay Area, and there is less pride in being a starving entrepreneur.