In years past, the best-and-brightest all came to NYC to work in law, fashion, or finance. The talent's still coming, but those industries have all shrunk. The big beneficiary is the start-up scene. The San Francisco Bay Area has more VC firms and dollars invested than all East Coast cities combined. But the NY scene has recently been getting uppity. Chris Dixon wrote a story, the NY Times wrote a story, now Silicon Alley Insider. I tweeted that it was all embarrassing provincialism. So who's right?
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