More attention/press on the Silicon Valley/New York innovation divide

Both NYConvergence and Capital New York have picked up stories featuring the cultural divide that forms the basis for Silicon Valleys consistent relative dominance in technological innovation over New York:

In today’s Daily News, Silicon Valley venture capitalist Victor Hwang argues that in order for New York to compete with Silicon Valley—something Mayor Michael Bloomberg would very much like to see happen—it needs to become less of a dog-eats-dog city.

via Venture capitalist says New York’s Alley culture keeps it behind Silicon Valley | Capital New York.

According to Hwang, Silicon Valley’s success comes from a spirit that is not yet ingrained in NY. The Valley’s culture encourages people with diverse skills and experiences to meet and trust each other, to take a risk together.  Though Hwang acknowledges that NY may be revered as the cultural capital of the world, establishing the next Silicon Valley requires a new culture to take shape, one that becomes a beacon of trust rather than suspect.  Ultimately he feels that the startup community in NY is working to build that culture, but it needs more of the city to join them in order truly to evolve.

via Can NY Replicate Silicon Valley’s Collaborative Culture?

What do you think, can New York replicate Silicon Valley’s success?

One Comment on “More attention/press on the Silicon Valley/New York innovation divide”

  1. Andrew Finn says:

    An interesting area that illustrates the differences in thinking are the applications for conferences where new startups Launch.

    For example, Startup 2012, sponsored by Business Insider, takes place in NY ( The application is incredibly tedious and long and not whatsoever geared towards a tech startup. It is heavily focused on business plans, TAMs, projected financials, market segments and growth rates, and all sorts of things that you would focus on if you were writing a business plan for your MBA course.

    In contrast, in applying for the Launch Festival (, the event put on by Jason Calacanis in San Francisco a month ago, the focus was completely different. What they cared about was: 1) What problem are you solving? 2) Is it a big problem? 3) How are you solving it? 4) How far along are you in solving it? (This was our particular stopping block…we weren’t far enough along a month ago, and they were smart enough to figure that out). Please show us what you’ve actually done. They drilled down to the core items that matter for an early stage startup. It is less of a business plan contest and more of a problem solving contest – much more applicable for tech in 2012.

    I’m not sure that this is indicative of a trend for an entire city, but I think the East Coast orientation towards MBAs and startups spun off from universities makes it less agile adapting to the needs of the tech startup world.

    Andrew Finn
    CEO, VoAudio

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