Silicon Alley
Silicon Alley is an area of
Origin
The term Silicon Alley was derived from the long-established Silicon Valley in California. It was originally centered in the
The term Silicon Alley may have originated in 1995 by a New York staffing recruiter, Jason Denmark, who was supporting clients in the newly dubbed technical hub in downtown Manhattan; in an effort to attract candidates who, at that time, were focusing on positions in Silicon Valley, he posted in public usenet postings of Object Technology Developers, job ads with the Silicon Alley label. "Subject: NYC - silicon ALLEY" shows up in an internet post by Jason Denmark on February 16, 1995; another Jason Denmark post on June 16, 1995, is "Subject: SILICON 'ALLEY' POSITIONS."[7]
The first publication to cover Silicon Alley was @NY, an online newsletter founded in the summer of 1995 by
In 1997, over 200 members and leaders of Silicon Alley joined NYC entrepreneurs, Andrew Rasiej and Cecilia Pagkalinawan to help wire
Dot-com bust
The rapid growth of internet companies during the 1990s, known as the Dot-com bubble, came to a rapid halt during the early 2000s recession. During this economic contraction, many internet companies in Silicon Alley folded. The recession also affected publications that covered the sector. After the dot-com bust, the Silicon Alley Reporter was rebranded as Venture Reporter, in September 2001, and sold to Dow Jones. Self-financed AlleyCat News ceased publication in October 2001.[8]
Recovery
A couple of years after the dot-com bust, Silicon Alley began making its comeback with the help of NY Tech Meetup,
This revival was not restricted to Lower Manhattan, but was spread throughout New York City. Hence "Silicon Alley" has been considered by some observers to be an obsolete term.[8]
See also
- BioValley
- Silicon Beach - Westside, Los Angeles
- Silicon Docks - Dublin, Republic of Ireland
- Silicon Fen - Cambridge, United Kingdom
- Silicon Forest - Portland, Oregon
- Silicon Hills - Austin, Texas
- Silicon Prairie - Several Midwestern cities
- Silicon Slopes - Lehi, Utah
- Silicon Valley - San Jose, California
- Silicon Wadi - coastal Israel
- Tech Valley - Hudson Valley, New York
References
- ^ Dickey MR, D'Onfro J (24 October 2013). "SA 100 2013: The Coolest People In New York Tech". Business Insider. Retrieved 30 July 2014.
- ^ Eisenpress, Cara (April 28, 2023). "New York is closer than ever to beating the Bay Area on tech". Crain Communications. Retrieved June 19, 2023.
- ^ Dickey, Megan Rose; D'Onfro, Jillian (October 24, 2013). "SA 100 2013: The Coolest People In New York Tech". Business Insider. Archived from the original on July 22, 2014. Retrieved July 30, 2014.
- ISBN 978-0-415-93571-5.
- ^ Lahlou K (30 June 2013). "Startups move to co-shared offices amid high real estate prices". The Midtown Gazette. Retrieved 20 August 2014.
- ^ Zabusky J (30 June 2013). "NYC Start-ups: Growth of Silicon Alley". The Huffington Post.
- ^ Gallagher, Fergal (10 Feb 2020). "The Mysterious Origins of the Term Silicon Alley Revealed". Built In NYC.
- ^ a b Gallagher F (4 November 2015). "The mysterious origins of the term Silicon Alley revealed". Built In NYC.
- Slate. Retrieved 25 March 2017.
- ^ Pérez-Peña R (19 December 2011). "Cornell Alumnus Is Behind $350 Million Gift to Build Science School in City". The New York Times. Retrieved 1 August 2014.
- ^ Ju A (19 December 2011). "'Game-changing' Tech Campus Goes to Cornell, Technion". Cornell University. Retrieved 1 August 2014.
- ^ "p.26, The 2013 Report" (PDF). NYC Mayor’s Office of Media and Entertainment. Retrieved 23 August 2014.
- ^ Brodkin J (9 June 2014). "Verizon will miss deadline to wire all of New York City with FiOS". Ars Technica. Retrieved 27 October 2014.
Further reading
- "How Silicon Alley Growth is Outpacing Silicon Valley," December 10, 2015
- New York Post, "Silicon Alley Soaring," January 24, 2012
- The New York Times, "Alive and Well in Silicon Alley", March 12, 2006
- The New York Times, "New York Isn't Silicon Valley. That’s Why They Like It", March 6, 2010
- SiliconAlley.com, "New York's Tax-Free Zones: An Emerging Technology Company's Dream Come True?," July 26,2013
- "'Silicon Alley' Is Dead"
- "Silicon Valley vs. Silicon Alley: Can New York compete with the best of the west?"