Tech Boom Hits New York Start-Ups

It’s official: The Internet gold rush is spreading east. A decade after the tech bubble burst and brought down Silicon Alley, investors are crowding back into New York’s start-up scene, pumping funds into companies like fashion website Gilt Groupe Inc., which now commands a $1 billion valuation, private-company trading system SecondMarket Inc., and location-based networking business Foursquare Labs Inc.

The exuberance is fueled by–and fueling–a new phase in Internet ventures, with talent ditching Wall Street careers to set up companies in New York-centric industries such as fashion, retail, finance and media. Those businesses, in turn, are having an impact far beyond the city itself.

Read the rest of this post on the original site »

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »