It Started With a Jolt: How New York Became a Tech Town
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Re: It Started With a Jolt: How New York Became a Tech Town
#2[dead]
Re: It Started With a Jolt: How New York Became a Tech Town
#3The NYC tech sector is indeed growing quite strong and is also quite grounded in the realities of business because of the diversity of NYC’s overall economy. Few cities in the world have the economic diversity that New York does. That drives the mindset to be noticeably different, mostly in a good way.
At several meet ups recently the moderator wasn’t shy about warning Silicon Valley companies “I’d advise you to be clear about how you plan to make money and be profitable because if you don’t the audience here is just going to grill you on how you plan to make money and be profitable.”
Re: It Started With a Jolt: How New York Became a Tech Town
#4I 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.
Re: It Started With a Jolt: How New York Became a Tech Town
#5New York is the most important city in the history of world civilization, this shouldn’t come as a shock to anyone.
Everything genuinely important in this country ends up run from New York City eventually. People forget the Rockefellers made their money in Cleveland.
But that aside NYC has always had a serious tech community since the electric grid was invented in lower Manhattan, or the transistor in suburban New Jersey.
Re: It Started With a Jolt: How New York Became a Tech Town
#6New York is the most important city in the history of world civilization, this shouldn’t come as a shock to anyone. Everything genuinely important in this country ends up run from New York City eventually. People forget the Rockefellers made their money in Cleveland. But that aside NYC has always had a serious tech community since the electric grid was invented in lower Manhattan, or the transistor in suburban New Je…
That's a very US-centric world view, not shared by much of the rest of the world
Re: It Started With a Jolt: How New York Became a Tech Town
#7New York is the most important city in the history of world civilization, this shouldn’t come as a shock to anyone. Everything genuinely important in this country ends up run from New York City eventually. People forget the Rockefellers made their money in Cleveland. But that aside NYC has always had a serious tech community since the electric grid was invented in lower Manhattan, or the transistor in suburban New Je…
NY is like 400 years old.
Re: It Started With a Jolt: How New York Became a Tech Town
#8New York is the most important city in the history of world civilization, this shouldn’t come as a shock to anyone. Everything genuinely important in this country ends up run from New York City eventually. People forget the Rockefellers made their money in Cleveland. But that aside NYC has always had a serious tech community since the electric grid was invented in lower Manhattan, or the transistor in suburban New Je…
That's a very US-centric world view, not shared by much of the rest of the world
I wouldn't even go that far. It's a NY centric world view. The rest of us outside NY (especially those whom moved from there) regard it as an outdated and overhyped.
Re: It Started With a Jolt: How New York Became a Tech Town
#9New York is the most important city in the history of world civilization, this shouldn’t come as a shock to anyone. Everything genuinely important in this country ends up run from New York City eventually. People forget the Rockefellers made their money in Cleveland. But that aside NYC has always had a serious tech community since the electric grid was invented in lower Manhattan, or the transistor in suburban New Je…
And even before that, the steamboat was invented here, the Manhattan project was called that because it was originally in Manhattan. Edison was over in Jersey and Tesla on Long Island. Republic had it's plant out on the island too where they built the LEM. IBM's Watson lab is just north of the city and Bell labs a bit west. New York has always been a tech hub but it wasn't as obvious since there was - and is - so much else going on.t
Re: It Started With a Jolt: How New York Became a Tech Town
#10The NYC tech sector is indeed growing quite strong and is also quite grounded in the realities of business because of the diversity of NYC’s overall economy. Few cities in the world have the economic diversity that New York does. That drives the mindset to be noticeably different, mostly in a good way. At several meet ups recently the moderator wasn’t shy about warning Silicon Valley companies “I’d advise you to be c…
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.