New York City: Home of Wall Street and … a Tech Boom?

Nearly every U.S. city these days brags about becoming “the next Silicon Valley.” New York actually is.

David Karp, founder of the micro-blogging site Tumblr, opens the NASCAQ Exchange on July 11, 2013 in New York City. Tumblr was bought by Yahoo! for $1 billion in May; Karp is estimated to be worth $200 million.
National Journal
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