[emilam]

"... programs like TechStars — which engage the entire entrepreneurial community for 90 days a year — are the icing on the cake." - The icing on the cake is the important part. A lot of communities forget the base steps such as the meetups and the forums and they jump right to the funding. This limit the growth of the entrepreneurs and the community just as Brad discusses.

[liuhenry]

Completely agree. Part of what makes these communities thrive is the passion and innovation of everyone involved. If there wasn't constant discussion going on at every level, there wouldn't be anything to fund in the first place.

I think Brad's points exemplify why New York City will succeed as Silicon Alley. It's NOT the same as Silicon Valley, which is exactly why it's needed.