Kevin Ryan's company, DoubleClick, pioneered web-based advertising in the 1990s, playing a crucial role in the development of the internet's economic framework. Currently, tech has become the leading growth sector in New York City, contributing to job creation and attracting significant investment. A recent report highlights the tech industry's impact, noting that banks now employ more software developers than traditional bankers. Despite this advancement, the significance of tech in the local economy remains underreported, lacking dedicated media coverage compared to real estate.
When Kevin Ryan moved his internet startup from Atlanta to New York in 1996, it was hard for him to find a lawyer to represent the company, and landlords and banks didn't know what to make of this new tech enterprise.
As long as the quality of life is maintained, New York will pass the Valley in most metrics in the coming years... the tech sector is now the single most important source of growth in the city's economy.
Banks now employ more software developers than bankers. It is amazing how big it has become and how far it has come.
...the role of tech companies in the city's economy remains possibly the best kept secret in New York.
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