One of the big things here is that the NY area's tech scene is just one part of the economy among many. Every time I come to SF and the valley it seems as if the entire economy is being eaten by tech. Having lived and worked on both coasts, I think this is a huge advantage to NY.
>“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.
It looks like nyc has taken over #2, with Boston failing to #4.
In terms of?
Maybe in terms of VC, but it's definitely not number two in most other measures. Top-10 East Coast? Sure.
I know a 'new silicon valley' sounds sexy, especially in places like London, India, whatever, but do we have evidence to back up these claims? Start-up entrances per year, VC firm presence, fund-raising rounds, etc?
Stanford: money (VCs/angels), talent, founders and customers, all within a very comfortable radius (complete ecosystem). Google, Snapchat, PayPal, Netflix, ... And, strong alumni networking.
and
Harvard: has talent, founders and some customers, but money often require more travel (currently incomplete ecosystem, read: time and money sinks). Strong alumni networking too.
and
IIT system: not bad either.
