>“New York is now the leading place on the East Coast for tech-venture investments,” said David Silverman, a partner at PricewaterhouseCoopers. “Several years ago, companies that wanted to do something big all had to go to Silicon Valley.”
By now Boston, the East Coast's number two city, is almost as expensive as NYC yet doesn't have nearly the concentration of talent and doesn't have nearly as good a transport scene or dating life (http://jakeseliger.com/2015/09/19/briefly-noted-date-onomics...). NYC also has that critical concentration of nerds and rich people. SF has become so absurdly expensive that NYC starts to look attractive by comparison.
As much as NYC people want it to happen, they don't have the universities or the concentration of talent that Boston does. The numbers prove reality http://www.entrepreneur.com/article/228709
That depends on the nature of the startup: There is a ton of hyphen-tech here, so for example a fin-tech startup in my building that focuses on insurance just closed a Round B. Boston has a finance industry, but not on the level of NYC. And it's the same with media and other fields as well. Also something to keep in mind is that NYC has always been a magnet for Boston school grads and tech is no exception.
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This makes sense to me:
>“New York is now the leading place on the East Coast for tech-venture investments,” said David Silverman, a partner at PricewaterhouseCoopers. “Several years ago, companies that wanted to do something big all had to go to Silicon Valley.”
By now Boston, the East Coast's number two city, is almost as expensive as NYC yet doesn't have nearly the concentration of talent and doesn't have nearly as good a transport scene or dating life (http://jakeseliger.com/2015/09/19/briefly-noted-date-onomics...). NYC also has that critical concentration of nerds and rich people. SF has become so absurdly expensive that NYC starts to look attractive by comparison.
As much as NYC people want it to happen, they don't have the universities or the concentration of talent that Boston does. The numbers prove reality http://www.entrepreneur.com/article/228709
Given that the article in question is about growth in vc in nyc in the last year, it seems perhaps relevant to use recent data: http://www.citylab.com/tech/2015/07/the-worlds-leading-start...
It looks like nyc has taken over #2, with Boston failing to #4.
That depends on the nature of the startup: There is a ton of hyphen-tech here, so for example a fin-tech startup in my building that focuses on insurance just closed a Round B. Boston has a finance industry, but not on the level of NYC. And it's the same with media and other fields as well. Also something to keep in mind is that NYC has always been a magnet for Boston school grads and tech is no exception.
You're citing figures from 2013.
Found the Red Sox fan... ;)
In terms of?
Maybe in terms of VC, but it's definitely not number two in most other measures. Top-10 East Coast? Sure.