December 29, 2010|Nathaniel Popper, Los Angeles TimesReporting from New York — Alexis Ohanian's company, Reddit, was based in New York four years ago when it decided to follow the yellow chip road to Northern California.
"New York didn't feel like a place where things were happening," Ohanian said. "There weren't a lot of people having conversations about start-ups, frankly."
But this year, Ohanian headed back east.
New York now has a hot Internet scene. There are marquee start-ups such as social networking service FourSquare and fashion website Gilt.com, and heavyweights such as Google Inc. have increased their presence.
Ohanian returned as the first New York-based employee of Y Combinator, a Silicon Valley investment firm that seeks out promising start-ups.
He's glad he made the move, even though he's working harder.
To read the full, original article click on this link: New York growing as a base for tech companies - Los Angeles Times
Author: Nathaniel Popper
