- Silicon Alley
Silicon Alley is a nickname for an area with a concentration of
Internet andnew media companies inManhattan ,New York City . Originally, the term referred to the cluster of such companies extending from theFlatiron District down toSoHo andTriBeCa , but as the location of these companies spread out, it became a general term referring to the dot com industry inNew York City as a whole.The term was in most common use in the late 1990s, when companies such as
Agency.com , Razorfish,Medscape , and The Mining Company (nowAbout.com ), became success stories with successful private buyouts orIPO s.The first publication to cover Silicon Alley was @NY, an online newsletter founded in the summer of 1995 by Tom Watson and
Jason Chervokas . The first magazine to focus on the venture capital opportunities in Silicon Alley, AlleyCat News co founded by Anna Copeland Wheatley and Janet Stites, was launched in the fall of 1996.Courtney Pulitzer branched off from her @The Scene column with @NY and created Courtney Pulitzer's Cyber Scene and her popular networking eventsCocktails with Courtney . "Silicon Alley Reporter " started publishing in October 1996. It was founded byJason Calacanis and was in business from 1996-2001. @NY, print magazines, and the attending media coverage by the larger New York press helped to popularize both the name, and the idea of New York City as adot-com center.In 1997, over 200 members and leaders of Silicon Alley joined NYC entrepreneurs, Andrew Rasiej and Cecilia Pagkalinawan to help wire
Washington Irving High School to the internet. This response and the Department of Education's growing need for technology integration marked the birth ofMOUSE ,an organization that today serves tens of thousands of underserved youth in schools in five states and over 20 countries. After the bubble burst, "Silicon Alley Reporter" was rebranded as "Venture Reporter" in September 2001 and sold to Dow Jones. Self-financed AlleyCat News ceased publication in October 2001.A couple of years after the internet bust, Silicon Alley began making its comeback with the help of NY Tech meetup and NextNY. Since 2003 Silicon Alley has seen a steady growth in the number of start-ups. As of 2007 Google's second largest office is located in New York as well as major online advertising and media companies such as Eyeblaster,DoubleClick, Roo and meetup.com
The name is derived from
Silicon Valley ,California .See also
*
List of places with 'Silicon' names External links
* [http://www.dieboldinstitute.org/paper2.htm case report] on the impact of Silicon Alley on the New York economy by the Diebold Institute
* [http://www.nytimes.com/2006/03/12/fashion/sundaystyles/12silicon.html?ex=1299819600&en=58426a188de66308&ei=5088] New York Times article about Silicon Alley March 12, 2006.
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