Silicon Alley, New York’s answer to Silicon Valley growing as an Internet hub

Silicon Alley, New York’s answer to Silicon Valley growing as an Internet hub

Original post by The Economic Times

Kevin Ryan reclines in a designer chair in his Park Avenue office, wearing a Luciano Barbera suit and a vintage Rolex watch. A picture of Ryan with President Barack Obama is on the wall and an ornate Oscar de la Renta gown hangs from the door.

This is not a man who would blend in among the sneaker-clad startup ranks of Silicon Valley. Yet Ryan, chief executive of the Gilt Groupe and a founder of several prominent Internet companies, is one of the technology world’s most influential people, with a career trajectory that mirrors the rise of New York’s tech scene.

Ryan and Dwight Merriman run a startup factory called AlleyCorp, after Silicon Alley, a nickname given to New York’s answer to Silicon Valley. It has churned out companies that have almost nothing in common, from e-commerce to publishing to database software.

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