NYC to Rival Silicon Valley as Tech Start-Up Capital?

Venture capitalist thinks it will be the new tech hub

By Patrick Spain, Newser User

Posted Oct 28, 2010 9:55 AM CDT Posted Oct 28, 2010 9:55 AM CDT
Promoted on Newser Oct 28, 2010 12:20 PM CDT

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NYC to Rival SV as Tech Start-Up Capital? — The vibrant graphic locales of the Great CAB CHALLENGE include: top, the Statue of Liberty; center, the Flatiron Building; bottom, Times Square. (Graphic: Machine Dreams) (AP)

In an interview in GigaOM, veteran NYC-based venture capitalist Fred Wilson is bullish on New York City as the next major center of technological innovation. He says that Internet companies based in the city are being flooded with venture capital at the same magnitude as Silicon Valley start-ups.

Wilson attributes the growth to a maturation in business models that requires more expertise in the areas that New York is famous for—finance, media, fashion, and design. There's just one thing missing, says Wilson, "a standout performer on the order of a Google, Apple or eBay."
(More New York City stories.)

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