Miami’s tech opportunity is to take on New York City, not San Francisco
This post was also published in Refresh Miami There was a moment after the pandemic where some thought that Miami could become a contender for tech dominance against the San Francisco Bay Area. AI has re-established the Bay Area as the epicenter of technology, and dislodging the entire Bay Area as the technology epicenter was always a stretch. Miami should have a different goal in mind: New York City, the world’s second largest technology hub. Only fifteen years ago, the technology scene in New York was still nascent. During his tenure as mayor, Michael Bloomberg helped drive the technology ecosystem with the help of early players like DoubleClick’s Kevin Ryan and Union Square Venture’s Fred Wilson. Today, New York attracts 14% of venture-backed deals , a solid number 2 beyond the Bay Area’s 25% share. South Florida has catapulted to a top ten US tech hub and ranks seventh for deal volume and is already a peer with traditional tech hubs like Austin and Seattle. Miami Mayor Fra...