[sabalaba]

Worth noting, the PwC / National Venture Capital association Money-tree report shows total deal size and activity on a per-region basis. Silicon Valley gets 5.5x more capital and almost 3x the deal flow of NY Metro area. [1]

I think of any ecosystem as having energy. More things happen when molecules bounce around and interact. That energy is capital.

I think it's great that NY has 'allure', but the distribution of capital amongst the various regions follows a really clear, winner-take-all power law. SV is king and will remain so for the foreseeable future.

[1] https://www.pwcmoneytree.com/MTPublic/ns/nav.jsp?page=region

[keeptrying]

I think at one point SV had 10x more capital than NYC. The difference is slowly decreasing.

(I moved from NYC to SF to start a company.)

Another big reason I see that NYC will catch up is that you just dont need that much to start a company. And also VCs are beginning to have offices in both areas.

The only real difference is the ease with which you can meet someone really important in SV. You can get an introduction to PG through one of his startups within the week if you can show you have some traction and get the respect of some founder he has backed.

And all said and done, startups are realizing that investors dont matter - creating a product that people want to use is the bottom line. If the costs are low and you can afford it, you might as well forget about having to deal with VCs and investors except for advice.

[gersh]

New York had a greater percentage of investment during the dot-com boom in the 90s. Since then, it has fluctuated. However, New York hasn't produced too many big tech companies. I think New York's biggest success has been DoubleClick. Outside of media, what other big tech companies have been started in NYC?

There is a lot of media in New York, which includes internet media. Also, I think there are a lot of bloggers in NYC. Although, I don't see evidence the New York tech boosters claims match reality.