While finance firms in NYC did indeed snatch up many bright technical folks, the same could be said for large software shops with NY offices like Yahoo and Google. The startup world here looks about the same as always - perhaps there's less of a particular sort of risk tolerance among technology investors on this side of the country.<p>I'm thrilled by the idea of a "tech revival" though. Bring it on!
I'm not convinced. The article mentions a handful of promising ventures. It's a mere fraction of the activity in CA and will be for some time. NY tech has certainly warmed up over the past decade but finance still dominates tech in NY in a way that is unparalleled elsewhere in the country.