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New York Will Never Be Silicon Valley. And It's Good With That

Startups raised $11.5 billion in venture capital last year, putting the city in striking distance of you-know-where.
Bloomberg business news

New York is Okay With Not Being Silicon Valley

New York’s tech scene is growing up. Venture capital investment is ballooning, tech giants like Google have added thousands of jobs in the city, and homegrown startups are beginning to find multi-billion dollar exits.

Yes, the city is a long way from fulfilling the tired trope of becoming the “next Silicon Valley.” But New York techies like it that way.