{"id":119767,"date":"2026-02-02T10:37:58","date_gmt":"2026-02-02T10:37:58","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/119767\/"},"modified":"2026-02-02T10:37:58","modified_gmt":"2026-02-02T10:37:58","slug":"30-years-after-the-founding-of-silicon-alley-new-yorks-tech-scene-is-so-big-it-has-no-center","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/119767\/","title":{"rendered":"30 years after the founding of ‘Silicon Alley,’ New York’s tech scene is so big it has no center"},"content":{"rendered":"

Good morning. It seems oddly fitting that a New York fire marshal essentially shut down a massive party to celebrate \u201c30+ years of Silicon Alley<\/a>\u201d on Friday night, and that my son, 20, responded to that news by asking, \u201cWhat\u2019s Silicon Alley?\u201d<\/p>\n

The term came out of the Flatiron and Soho neighborhoods in the 1990s where companies like DoubleClick, Razorfish and About.com were born. That was a time when the media-minded startup community in downtown Manhattan competed for mindshare, if not money, with the tech scene springing up around Stanford and Sand Hill Road in northern California. Like the battle between East Coast and West Coast rap, though, it\u2019s a relic of another era. While Silicon Valley drew about 46.3% of all U.S. venture funding in 2024, with New York getting 13.3%,\u00a0<\/a>VC spending is a small fraction of startup funding and an even smaller portion of overall investments in innovation.\u00a0<\/p>\n

\u201cNobody talks about Silicon Alley anymore; it\u2019s just tech,\u201d said attendee Stephen Messer, who co-founded LinkShare with his sister Heidi in New York in 1996, sold it to Rakuten for $425 million in 2005, and later co-founded Collective[i], an enterprise AI firm that operates on both coasts. \u201cNew York\u2019s tech scene is so large now that there\u2019s no center.\u201d<\/p>\n

Indeed, the city\u2019s tech ecosystem now spans fintech, biotech, e-commerce, climate tech, and more, spawning brands like Etsy<\/a>, Bilt, MongoDB, Ramp, Warby Parker<\/a>, Datadog<\/a>, Kickstarter, Tumblr, Foursquare and OpenSea. Some local tech darlings have had high-profile stumbles\u2014hello WeWork!\u2014while others like Bloomberg were thriving long before a bunch of young entrepreneurs set up shop downtown as the internet was taking off. Add in the fact that tech hubs have since sprung up in many other cities and countries around the world.\u00a0<\/p>\n

Still, nostalgia can be fun. Friday\u2019s party felt more like a throwback to the raves of my youth than a reflection of what tech has become. Instead of alcohol-fueled merrymaking with young singles in some seedy warehouse, this was a gathering of middle-aged professionals clutching cans of water and Whoop bands in an office building overlooking Wall Street. But I enjoyed running into folks like Bloomberg Beta\u2019s Karin Klein, Indiegogo\u2019s Slava Rubin, \u201csextech\u201d guru Cindy Gallop, entrepreneur Josh Weinstein and cohost Kevin Ryan, the so-called \u201cGodfather of NYC tech<\/a>\u201d behind DoubleClick and now Alley Corp. Prior to hitting the exit as fire department officials poured in, I picked up a souvenir magazine filled with sepia-toned photos and articles like \u201cTen Reasons to Be Happy After the Dot-Com Crash.\u201d\u00a0<\/p>\n

As I wandered around, overhearing conversations about AI, pilates, private equity, Mamdani and the new Melania documentary, it struck me that what the 1,000 or so attendees wanted most was a reason to meet up with creative people on a cold Friday night. I suspect that instinct, as much as funding, is what really fuels the tech scene in New York.<\/p>\n

Contact CEO Daily via Diane Brady at diane.brady@fortune.com<\/a><\/p>\n

Top leadership news<\/p>\n

How the CEO of FedEx is navigating global change<\/p>\n

FedEx CEO Raj Subramaniam is steering the company through Trump-era tariffs and shifting trade routes by doubling down on cost-cutting and expanding the company\u2019s international operations with a strategy he calls \u201cre-globalization.\u201d Despite headwinds, he says<\/a> demand won\u2019t slow: \u201cPeople want to trade and travel. I don\u2019t think there\u2019s any going back.\u201d<\/p>\n

Is weighing in on politics a no-win for CEOs?<\/p>\n

Social media users described<\/a> last week\u2019s letter from Minnesota business leaders emphasizing a deescalation of tensions as \u201chollow\u201d and not strong enough. Is weighing in on polarizing events a no\u2011win choice for CEO<\/a>?<\/p>\n

What 2026 IPOs could signal for an AI bubble<\/p>\n

Economist Owen Lamb told Fortune<\/a> that we aren\u2019t currently in an AI bubble since nobody is rushing to unload overvalued stakes in AI firms. A slew of potential AI-related IPOs in 2026 countries change that.<\/p>\n

The marketsAround the watercooler<\/p>\n

Ford CEO has 5,000 open mechanic jobs with up to 6-figure salaries from the shortage of manually skilled workers: \u2018We are in trouble in our country\u2019<\/a> by Marco Quiroz-Gutierrez<\/p>\n

Silicon Valley legend Kleiner Perkins was written off. Then an unlikely VC showed up<\/a> by Allie Garfinkle<\/p>\n

Top energy expert says probability the U.S. will attack Iran soon is 75% as risk of major disruption to oil supply is priced in \u2014 \u2018this one is real\u2019<\/a> by Jason Ma<\/p>\n

The Chan Zuckerberg Initiative cut 70 jobs as the Meta CEO\u2019s philanthropy goes all in on mission to \u2018cure or prevent all disease\u2019<\/a> by Sydney Lake<\/p>\n

Despite Airbnb CEO Brian Chesky and Steve Jobs praising micromanagers, a new survey ranks them among the most annoying coworkers<\/a> by Orianna Rosa Royle<\/p>\n

CEO Daily is compiled and edited by Joey Abrams, Claire Zillman and Lee Clifford.<\/p>\n","protected":false},"excerpt":{"rendered":"Good morning. It seems oddly fitting that a New York fire marshal essentially shut down a massive party…\n","protected":false},"author":2,"featured_media":119768,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[26731,9,11,10],"class_list":{"0":"post-119767","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-ceo-daily","9":"tag-new-york","10":"tag-new-york-headlines","11":"tag-new-york-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/119767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=119767"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/119767\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/119768"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=119767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=119767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=119767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}