Alexis Ohanian of Y Combinator and Reddit fame notes that while some believe there is a natural migration of startups from wherever to Silicon Valley — the idea being that you have to be there to really grow — in fact there is a case for some companies moving away from the West Coast to New York, such as the case of recent YC alum Shoptiques, which aggregates inventory from local fashion boutiques and gives them a wider forum online. “They know their business is going to grow here in NY,” he said, pointing to the synergies that naturally exist in a dense city like this one. Shoptiques in March got backing from Andreessen Horowitz and Greylock Partners.
via techcrunch.com
Their burritos are still better, but the scene in NY is gonna keep on growing.