More tech startups are choosing to locate in New York City rather than Silicon Valley. The abundance of available software engineers, many formerly employed by the finance industry, combined with smart urban planning and proximity to other tech companies make New York a desirable place to form a startup. More from Mashable:
[Brad Hargreaves, founding partner of startup co-working space General Assembly] believes that intelligent urban planning is key. One of the reasons that New York has succeeded, Hargreaves told Mashable, is that its density and public transport systems make it easy for entrepreneurs to get from meeting to meeting.
“A technology community won’t ferment if it is spread evenly over one hundred square miles of metropolitan area, especially if mass transit options are limited,” wrote Hargreaves.