This article makes no sense. It's main arguments seem to be:<p>1. The US Federal Government (based in Washington) gave billions of dollars in bailouts/loans to US financial companies, most of which are headquartered in New York. Technology companies didn't get a bailout in 2001. Therefore, doing a technology startup in New York doesn't make sense.<p>2. Investors in New York won't want to invest in small startup companies in New York because they have better investment opportunities in the finance industry in New York.<p>#1 is completely illogical and #2 seems to forget that anyone can invest in anything from any city.