When discussing technological hubs in the United States of America, the Silicon Valley in California, which is famous for high-tech innovation and scientific development, dominates the conversation. However, Silicon Alley, a metonym for the range encompassing the New York City metropolitan region’s high-tech industries, should not be left out of such a discussion. Despite New York City’s history as the United States’ original technological hub and its prominence during the 1990s, some now consider the term Silicon Alley to be obsolete. Regardless, Silicon Alley generated over US$12 billion in venture capital investment in the Internet, new media, telecommunications, digital media, software development, game design, financial technology, and other fields within information technology in 2017.

This entry focuses on the history of Silicon Alley, the dot-com bust, ...

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