In tech, the 2010s belong to New York City, the way the late 1990s belonged to Silicon Valley. New York City has a good start. The 2010s belong to the mobile web, or at least the first half clearly does. And the mobile web - unlike the big screen web, which itself is a pretty global phenomenon - is the most global of phenomena. And New York City is the most global of cities. NYC has a geographical advantage.
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That is not me discounting nanotech. Nanotechnology swept the Nobel prizes this year. That should tell you. If you could find the right nano startups to invest in right now, you could be looking at some astronomical returns in a decade, but it is not easy to pick winners. Much activity ends up being froth.
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When it comes to web technology, this coming decade I think belongs to New York City.
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The Valley has matured. Let them build hardware and data centers. Let them do search. But then Google is a bi-coastal company. A lot of people don't realize the size of Google's presence in New York City. They have rented out an entire block. Some day I am going to go check it out.
This is not me discounting clean tech. It is my firm belief America could see a second industrial revolution based on clean tech. This is not me discounting biotech either. But then NYC could do nano, clean and bio as good as anyone else too. Thanks to the subway, we already are one of the lower carbon emission cities in the country. And we stand to benefit from Google Wind.
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