The growth in the New York scene is largely built on the Internet, which as it’s developed and become more mature, increasingly taps into the expertise of New York, he said. As web start-ups incorporate more data and business logic and work to refine user experiences through design, he said, they’re able to draw on talent from the local finance, media, fashion and design industries. Companies like Banksimple and My City Way were built by former Wall Street employees, while Gilt Groupe was formed by a trio including Alexandra Wilkis Wilson, a former executive at Bulgari and Louis Vuitton. Several New York entrepreneurs have said something similar to me, saying the city provides an interesting intersection between technology and various industries that both benefit from technology and also influence it.
via gigaom.com
