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Lg
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Great post Jeff. I think you hit on it in the last paragraph, NYC just hasn't enough time to develop enough deals and the real time factor is probably one year post-Lehman. I think that time frame is the result of lighter technologies, faster time to market, large customers willing to test with early stage companies, and other similar "efficiency" factors here in NYC. But there is another trend that is much bigger - the business models are stable enough in digital media and digital commerce, these revenue sources minimally large enough to get noticed by industry giants (ecommmerce still only ~8% of commerce), AND mostly to me, the large industry players can pull the best practices of digital media and commerce into the traditional brick and mortar world for their brands, goods and services.
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Jul 23, 2012