New York City has become a center for tech entrepreneurship, but the industry may lack depth due to limited funding.

 

This article titled “Social Media Week: inside New York's startup bubble” was written by Katie Rogers, for guardian.co.uk on Thursday 21st February 2013 22.25 UTC

New York's political and business leaders like to trumpet the city's burgeoning tech start-up scene, but leading figures in the sector have warned that growing beyond start-up phase is proving problematic.

Panelists at a Social Media Week panel on the future of technology in the city warned Thursday that though the start-up ecosystem is vibrant, New York is unlikely ever to see a homegrown equivalent of the Silicon Valley-style behemoth such as Facebook or Google.

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