It Started With a Jolt: How New York Became a Tech Town

Post by Kihashi » Fri, Feb 22, 2019, 2:13 PM UTC

CPLX wrote: post #5

New 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…

Post by CoolGuySteve » Fri, Feb 22, 2019, 2:18 PM UTC

johnmarcus wrote: post #10

code4tee wrote: post #3

The 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.

Post by DelaneyM » Fri, Feb 22, 2019, 2:26 PM UTC

graeme wrote: post #37

code4tee wrote: post #28

Earlier quoted context omitted.

Amazon didn’t withdraw from NYC. They still have around 5k employees here. Meanwhile Google is significantly expanding their NYC offices and nobody had to bribe them to do it.

Amazon's still expanding in nyc too. But....not 25,000 employees. Does Google have 25,000 employees in NYC?

Post by testudovictoria » Fri, Feb 22, 2019, 2:26 PM UTC

gammateam wrote: post #48

nickelcitymario wrote: post #30

One of the biggest lessons I've taken from New York's approach is not to try and be the next Silicon Valley (as every community is trying to be). You can't beat the Valley at its own game. That's foolish. Instead, look to what industries your community has long been successful in, and develop the tech to disrupt those industries before the Valley does. NYC's example was to focus tech on advertising, finance, and medi…

Your whole post missed the important part about what can get funded and where. NYC is coming up, but the graveyard of quirky disruptors would still only be pursued in Silicon Valley. These non revenue generating companies acting as developer daycare need to be flipped from one portfolio to the next until you have a deal size big enough to matter, swap out the board and executive team and shop it to the public markets…

Post by [deleted] » Fri, Feb 22, 2019, 2:29 PM UTC

pmart123 wrote: post #49

code4tee wrote: post #3

The 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…

The irony of this is that attitude has created pretty much zero startups that have transformed into sustainable, profitable, medium or large companies. While there have been a couple successful exits that later crashed and burned like Tumblr and Blue Apron, and a couple TBD like MongoDB and Jet (Wal-mart acquisition), many of the NYC startup IPOs and exits seem to be playing a game of hot potato by selling to the nex…