The two main ingredients he identifies in his essay are rich people and nerds. I guess NYC has plenty of rich people and Wall Street capital. What's lacking is the youthful nerds and the universities that would attract them to come to NYC.
An unexplored issue is how geographic constraints will affect the Silicon Valley-ization of NYC. Everyone wants to be in Manhattan but that's an island with limited space. When the other major industries in NYC (like finance) bid up the resources (such as land and labor), can startups become equal or even dominant in NYC?
The two main ingredients he identifies in his essay are rich people and nerds. I guess NYC has plenty of rich people and Wall Street capital. What's lacking is the youthful nerds and the universities that would attract them to come to NYC.
An unexplored issue is how geographic constraints will affect the Silicon Valley-ization of NYC. Everyone wants to be in Manhattan but that's an island with limited space. When the other major industries in NYC (like finance) bid up the resources (such as land and labor), can startups become equal or even dominant in NYC?