Compared to
Silicon Valley,
Silicon Alley is more of a Hallway than an Alley; a small microcasm of
Media Companies that are still trying to figure out how to make
money.
The city
government, through tax incentives, is trying to lure emerging companies to the area, but ask any business person worth their
salt and they'll tell you: "All the real companies are in
California."
"If 1 out of 10 don't
fail in the valley, the
odds are more like 1 in 20 here."