Failure is a necessarfy part of innovation, right?
Bio tech
ProfR
11/16/2011 4:42:47 PM
Also, on the east side of Manhattan there is a new life sciences tech center called the Alexandria Center. They are trying to foster promising new life sciences discoveries. So some promise here also.
I think the ones that fail are sometimes jsut as importaint as the ones that make it. ideas needs to be worked through and concepts need to be developed and sometimes the only way to do it is to have a go at it and fail if you have to. But when all is said and done progress would have been made.
Noreen,
You are right. I don't have a crystal ball to see the future. The spirit of entrepreneurship is critical. As long as people are trying and getting better, they will eventaully get something. And this is the engine for real job growth.
Let them roll and try, and let us encouraging and applauding their efforts.
Some of the ideas seem really viable. Others leave me wondering. But I scratch my head over a lot of companies that make it (Groupon) as well as those that fail.
Re: Location
mInvestor
11/16/2011 12:18:20 PM
You guys are absolutely right. Start-ups are the keys for our economy recovery. The government stimulus packet for economy recovery shall concentrate on this area. That's where the real jobs come from.
On the other hand, I am not sure about this digital momentum in NYC. Probably need to read more from its perpectives. But if they are talking about new technology, science and engineering, then I'd think twice on this promotion. We already have CA and Texas doing great in this area, why start another one here in NYC? NYC has its own advantages.
Re: Location
Phoenix
11/16/2011 12:00:45 PM
It is good to hear that there seems to be an interest in new start ups. We really need some kind of an economic stimulation to get the whole process moving in the right direction again. Hopefully talent gets recognized and more job opportunities come along. As a location i agree with you that NYC could do well.
I think NYC is a good location for start ups, its a dense metro area with a deep talent pool and there is money there for startups to tap into. I think that combo will turn out some big companies in the coming years.
I think the downside is the overhead that startups will need to deal with to operate in the city.
Silicon Valley to Silicon Alley
Street Smart
11/16/2011 11:11:51 AM
It is really exciting to see this robust new area of growth for NYC, and I think anything that the city can do to diversify its economic base from financial services will bear great fruit over the next several decades.
To that end, I'm really excited about Mayor Bloomberg's "contest" build one or maybe event two new technology campuses in Manhattan over the next few years. Cornell and Stanford appear to be the leading contenders, but the city has received proposals from Carnegie Mellon, Columbia, and NYU as well.
Having seen firsthand the synergy that develops between a university and the surrounding business community with Stanford on the west coast, the Silicon Alley phenomenon seems like EXACTLY what New York needs to ensure its future!
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