I'm originally from NY and currently running my startup in Boston. I came here for undergrad, and after graduating, I thought hard about whether to run my company from Boston or NYC. I had been running a profitable online business by senior year, and knew that upon finishing school, I'd be hiring and scaling the business.<p>I ultimately chose Boston over NY. While I found the tech scene in New York to be vibrant with many great entrepreneurs and engineers, I also found the scene to have too much "noise" for my liking with what seems like a lot of bandwagon jumpers. In Boston, I find much more genuinely passionate techies who seems much less distracted by the hot new thing.<p>Granted, I love NYC and think it's great city. I also think that there's so much business and so many industries that are so ensconced there that it'll breed some really new transformative web-based businesses. Sectors such as traditional retail (esp. high-end), traditional media, and finance are ripe for great tech companies to join/transform the already established cultures there.
FWIW Los Angeles' startup scene is quite vibrant right now. If you're in the area feel free to swing by LA Hacker News this weekend <a href="http://www.meetup.com/Los-Angeles-Hacker-News/events/18942281/" rel="nofollow">http://www.meetup.com/Los-Angeles-Hacker-News/events/1894228...</a>
Isn't the majority of this funding for bubbly website development vs. traditional "tech" like HW, FW, application development? Would be interesting to see a breakdown.