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How New York Finally Found Its Place in the Tech Boom

After the initial hype fizzled, “Silicon Alley” thrived by playing to the city’s strengths as a financial powerhouse.
Keith Bedford/Reuters

Finally, New York is a bona fide technology startup hub.

It’s no longer a place with a gimmicky name—Silicon Alley—and an ephemeral tech scene that tries to be more than it is. There are venture capitalists with real money, entrepreneurs with ideas, and software developers who know the code.