Hacker News Reader

Comment by jayzee | Hacker News Reader

I think that the tech scene in nyc is anti-correlated with the stock market. I remember there was no activity when I was there and it started picking up post 2008 when the banks started laying off/stopped hiring technical people...

If the stock market picks up again I think that the tech scene will start receding. It is hard for quite a few people to turn down the pay that banks offer for the uncertain economic rewards of a startup.

View on HN

Something to think about in terms of the NYC finance industry: As time goes on it employs less and less people -- even when things are going well. I also think that Gen Y students getting out of school (CS majors) aren't as much into "working for the man" which make them not just more interested in started something, but in making something. On the biz school of things if the economy turns up it could get rid of the "me too flake factor" which improves the quality of the community.

I am Gen Y and I can't even imagine myself working for the man.

Why? The Man has some really cool projects to work on with really smart people and plenty of funding, if you know where to look.

Which man matters more than the company's size.

"If the stock market picks up again I think that the tech scene will start receding."

Not so sure about that. Once bitten, twice shy. I work for the man in NYC but regardless of how the stock market does, my interest in tech. and startups will not recede.

Reply on news.ycombinator.com