Chris Dixon blogs about what New York needs and doesn’t need with regard to startups. We chime in:
What NY needs (like SV) is less subprime VC. Because when subprime VC is gone and companies with substantial social economic value are produced, investors will care more about securing upside rather than downside, and the commodity squeeze in innovation will disappear. Along with many of the pain points you listed here.
Find our online comment on Chris’ blog here.