Money | New York City NYC to Rival Silicon Valley as Tech Start-Up Capital? Venture capitalist thinks it will be the new tech hub By Patrick Spain Posted Oct 28, 2010 9:55 AM CDT Posted Oct 28, 2010 9:55 AM CDT Promoted on Newser Oct 28, 2010 12:20 PM CDT Copied The vibrant graphic locales of the Great CAB CHALLENGE include: top, the Statue of Liberty; center, the Flatiron Building; bottom, Times Square. (Graphic: Machine Dreams) (AP) In an interview in GigaOM, veteran NYC-based venture capitalist Fred Wilson is bullish on New York City as the next major center of technological innovation. He says that Internet companies based in the city are being flooded with venture capital at the same magnitude as Silicon Valley start-ups. Wilson attributes the growth to a maturation in business models that requires more expertise in the areas that New York is famous for—finance, media, fashion, and design. There's just one thing missing, says Wilson, "a standout performer on the order of a Google, Apple or eBay." Read These Next RIP Corporation for Public Broadcasting, 1967-2025. We could all use a dog like Buddy. An abandoned infant was found, followed by a grim discovery. Trump has moved 2 nuclear subs in response to Russian remarks. Report an error