Every few months for the past decade or so I've seen articles like this comparing the bay area to New York or Seattle. It seems that the New York and Seattle companies all fall off the face of the earth a few minutes after I read the article, never to be heard from again. I think that Seattle just isn't large enough to really matter in the start-up world, and New York has too many bankers and too few engineers. Bankers don't create value or innovate, they just arbitrage. How can you innovate in a culture filled with young, aggressive alpha male frat-boys entirely lacking in empathy who would rather snort coke and go to strip clubs than stay up all night brainstorming or .. working with hackers?