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In New York City, Jobs Come Back Without Wall Street

nytimes.com

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Re: In New York City, Jobs Come Back Without Wall Street

#5
The tech sector and the energy surrounding it is palpable here; it's incredible. But, thankfully, it's not the only dominant voice in the city. I hear more and more people at every meetup I attend saying they moved from San Francisco to escape the "tech-centric" culture there. While Silicon Valley is likely still "the" place to be for tech, I'm glad NYC is emerging as a viable East coast alternative.

Re: In New York City, Jobs Come Back Without Wall Street

#6

The tech sector and the energy surrounding it is palpable here; it's incredible. But, thankfully, it's not the only dominant voice in the city. I hear more and more people at every meetup I attend saying they moved from San Francisco to escape the "tech-centric" culture there. While Silicon Valley is likely still "the" place to be for tech, I'm glad NYC is emerging as a viable East coast alternative.

I think it's unfair to "tech" to label Silicon Valley's unique tech culture as merely "tech-centric". Just because tech is a big part of it doesn't mean that all of the rest of the cultural encrustations of the SV frat-house environment are non-existent or unimportant. There are, and have been, many "tech-centric" urban areas that are still incredibly different from silicon valley.

Re: In New York City, Jobs Come Back Without Wall Street

#7

The tech sector and the energy surrounding it is palpable here; it's incredible. But, thankfully, it's not the only dominant voice in the city. I hear more and more people at every meetup I attend saying they moved from San Francisco to escape the "tech-centric" culture there. While Silicon Valley is likely still "the" place to be for tech, I'm glad NYC is emerging as a viable East coast alternative.

Most of the startups based here are very much fluffy and will vaporize when the VC/angel bubble pops. They are either "lifestyle" businesses (read: small businesses. make some money but should never have taken VC, because they will never have a real exit) or just e-commerce masquerading as "tech."

Re: In New York City, Jobs Come Back Without Wall Street

#8
post #7

The tech sector and the energy surrounding it is palpable here; it's incredible. But, thankfully, it's not the only dominant voice in the city. I hear more and more people at every meetup I attend saying they moved from San Francisco to escape the "tech-centric" culture there. While Silicon Valley is likely still "the" place to be for tech, I'm glad NYC is emerging as a viable East coast alternative.

Most of the startups based here are very much fluffy and will vaporize when the VC/angel bubble pops. They are either "lifestyle" businesses (read: small businesses. make some money but should never have taken VC, because they will never have a real exit) or just e-commerce masquerading as "tech."

Most of the startups in NYC are going to do much better, they are profitable AdTech, Fintech, Fashion startups. Or the occasional ecommerce play. I would say in general less Facebooks, here but more profitable companies