<story><title>It Started With a Jolt: How New York Became a Tech Town</title><url>https://www.nytimes.com/2019/02/22/technology/nyc-tech-startups.html</url></story><parent_chain><item><author>johnmarcus</author><text>Which is why it will never really be Silicon Valley.  No risk, no reward.  NY is too expensive for anyone to sit around and take risks, likewise, it will never see the real reward.</text></item><item><author>code4tee</author><text>The NYC tech sector is indeed growing quite strong and is also quite grounded in the realities of business because of the diversity of NYC’s overall economy. Few cities in the world have the economic diversity that New York does. That drives the mindset to be noticeably different, mostly in a good way.&lt;p&gt;At several meet ups recently the moderator wasn’t shy about warning Silicon Valley companies “I’d advise you to be clear about how you plan to make money and be profitable because if you don’t the audience here is just going to grill you on how you plan to make money and be profitable.”</text></item></parent_chain><comment><author>meddlepal</author><text>Implying Silicon Valley is affordable compared to NYC is silly.&lt;p&gt;The Californian &amp;quot;Try It&amp;quot; attitude is basically the equivalent of throwing shit against the wall while using other people&amp;#x27;s money. It works sometimes, but it&amp;#x27;s a terrible strategy that only works because VCs hit a unicorn that wipes out all the mistakes every so  often.</text></comment>
<story><title>It Started With a Jolt: How New York Became a Tech Town</title><url>https://www.nytimes.com/2019/02/22/technology/nyc-tech-startups.html</url></story><parent_chain><item><author>johnmarcus</author><text>Which is why it will never really be Silicon Valley.  No risk, no reward.  NY is too expensive for anyone to sit around and take risks, likewise, it will never see the real reward.</text></item><item><author>code4tee</author><text>The NYC tech sector is indeed growing quite strong and is also quite grounded in the realities of business because of the diversity of NYC’s overall economy. Few cities in the world have the economic diversity that New York does. That drives the mindset to be noticeably different, mostly in a good way.&lt;p&gt;At several meet ups recently the moderator wasn’t shy about warning Silicon Valley companies “I’d advise you to be clear about how you plan to make money and be profitable because if you don’t the audience here is just going to grill you on how you plan to make money and be profitable.”</text></item></parent_chain><comment><author>keiferski</author><text>It is dramatically easier to live on a budget in the NYC metro area than anywhere in the Bay Area...</text></comment>