[humj]

NYC is becoming a great place to do a startup, but is NYC the next silicon valley? I'd say no (I'm a New Yorker). Silicon Valley has always been the place to run a techonology company. New York has always been about commerce, finance, fashion, art, media. NY and SV are good at 2 different things. What's happening now is not that New York is becoming good at what silicon valley is good at. Its that the things New York is good at are now becoming technology enhanced, so depending on what kind of company you're building, SV could be better than NY and in some cases, NY could be better than SV.

(I'm making wide sweeping generalizations of course and they may not be valid months from now.) edit: yes that last statement was just to cover my ass. ;P