West Coast—best coast? Not so, says the thriving New York City start-up scene. During the past decade, the Big Apple has emerged as a top tech center for new companies and a hotbed for both angel and venture capital funding.
THE San Francisco Bay area is undergoing one of its periodic tech booms on the back of the flourishing of social networking firms. That boom, the Wall Street Journal tells us, is very good for local tech workers:
Acting U.S. Commerce Secretary Rebecca Blank delivered remarks to a full house and participated in a panel discussion at San Jose State University on driving U.S. innovation to create jobs. The panel was moderated by Carl Guardino, President and CEO of the Silicon Valley Leadership Group. Blank was joined by Dr. Pat Kennedy, CEO of OSISoft, Eric Kelly, President and CEO of Overland Storage and Dr. Mohammad Qayoumi, President of San Jose State University.
By James Kwak
Whenever someone criticizes “Wall Street,” someone else tries to defend Wall Street by saying that without it we wouldn’t have Silicon Valley and all of its wonders. Most recently, A.S. at Free Exchange says this:
Visit any company in the Valley, and you’ll see that it resembles the United Nations. At the Google cafeteria, they always serve Indian, Chinese, and Mexican food; hamburgers and hotdogs are nowhere to be found. Indeed, my research team documented that 52% of startups in Silicon Valley during the recent tech boom were founded by immigrants—like me. So I used to call Silicon Valley the world’s greatest meritocracy.
As a recent arrival to Silicon Valley and its unique culture, I’ve had the unique opportunity to consider how it contrasts with the culture of medicine, with which I’m deeply familiar. I’ve been especially struck by the excessively reductive view many Silicon Valley engineers seem to have of medicine, a practice [...]
Silicon Valley has emerged as the hub for the nascent electric vehicle movement. Tesla Motors (TSLA), glowing in the spotlight of the first initial public offering of a U.S. automaker in over 50 years, is the star at the moment. The Palo Alto-based maker of the sporty, $109,000 Roadster has the strong supporting case that it sorely needs to make this IPO venture a success.