Silicon Alley


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Silicon Alley

The areas in New York City known for their high-tech startups. Silicon Alley started out in the Flatiron District (23rd Street and Fifth Avenue) and trailed down through Soho (South of Houston Street) to the Financial District at the southern tip of Manhattan. The Alley moniker loosely referred to Broadway, which connects mid-Manhattan to lower-Manhattan. However, after the dot-com bubble burst in the early 2000s, tech companies began to proliferate throughout all of Manhattan as well as areas in Brooklyn, including Dumbo (down under the Manhattan Bridge overpass). See Silicon Valley and high-tech regions.
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It was the first Silicon Alley (since stolen by New York), the first Silicon Beltway (now used more often in reference to D.
If Silicon Alley gives birth to a new kind of culture industry, it is not likely to be a mass-media industry, nor will its impact necessarily lie in the realm of leisure or entertainment.
Brownhill, Silicon Alley Insider editors recognized his visionary leadership in transforming the centuries-old receivables finance marketplace into a mainstream financing solution, giving millions of businesses a more affordable market-based working capital solution.
One of the best and most successful of examples of public-private partnerships, and one that holds many lessons, is the Lower Manhattan Plan and the emergence of Silicon Alley," Carey said.
The speakers for the Technology Global Venture Congress(TM) 2005 are chosen from senior investment members of Lehman Brothers, Boston Millennia Partners, GrandBanks Capital, SCP Private Equity Partners, Battery Ventures, Morgan Stanley Venture Partners, Constellation Ventures, Insight Venture Partners, Investor Growth Capital, Ascend Venture Group, Masthead Venture Partners, Rho Ventures, UK Trade and Investment, Bessemer Venture Partners, Pequot Ventures, Dawntreader Ventures, Edison Venture Fund, BEV Capital, Hudson Ventures, Silicon Alley Venture Partners, New Venture Partners, Enhanced Capital Partners and others.
This translates into a boon for the office market in Lower Manhattan, particularly in Silicon Alley, which is currently home to the highest concentration of technology-related businesses on the East Coast.
The Silicon Alley Entrepreneurs Club (SAEC), the New York City-based entrepreneur and investor advisory group will hold its first of the Global Venture Congress(TM) Series conference on Biotech and Life Sciences at Madison Square Garden, New York (http://bio.
The Financial District has expanded to include Downtown's Information Technology District, and is rapidly becoming not only the heart of Silicon Alley, but has reemerged as a very competitive office market.
Equity Investment Led by Silicon Alley Venture Partners Includes
This trend will be self-perpetuating as new media companies gravitate toward Silicon Alley and the surrounding areas in an effort create an identity and benefit from the enhanced image that only a New York City address can create.
Headquartered in Eatontown, NJ, Lemur Networks is funded by leading investors, including Rho Ventures, Sevin Rosen Funds, and Silicon Alley Seed Investors.
That's why, after discussions with real estate and Silicon Alley leaders, the city asked for proposals from districts in the outer-boroughs, and expects to award promotional dollars to one in each, hoping the dot-coms and other expanding businesses will find homes within New York City and not turn to Hoboken or Houston.