Make America Bohemian Again

"By having a bunch of smart and creative people working on new projects, simultaneously, bashing their brains together — and not having to worry about the rent — startup accelerators give entrepreneurs a sense of shared purpose and community that has proven, like the Chelsea, wildly successful. [...] Despite their obsession with wealth, most startup accelerators don’t even come close to matching the economic impact of the Chelsea Hotel — much less its cultural impact."