Original post by DAVID SEIFMAN via New York Post
New York City is going to experience “phenomenal growth” in the tech sector in coming decades as venture capital flows to the Big Apple faster than to California’s Silicon Valley.
It sounds very much like something Mayor Bloomberg might say, but the words actually came yesterday from a senior Google executive who participated in a technology forum sponsored by Bloomberg Philanthropies.
“I think it’s good for Silicon Valley to have a competitor,” Google Executive Chairman Eric Schmidt quipped, standing next to the mayor.
Moments earlier, Hizzoner had boasted that the New York metropolitan area was the only one to experience a growth in venture capital flowing to tech companies between 2007 and 2011.
