The digital triangle, located in NYC, bears three distinct corners. DUMBO in Brooklyn. SOHO in Manhattan. Union Square, also in Manhattan.
DUMBO is where the coders are. A youthful tech workforce who live digitally-centric lives, they are smart and have engineer-friendly minds. (A lot of gamer consoles burn out in DUMBO.) It’s a little men and boy heavy. Union Square is where the money is. Where the incubators are. It’s where the DUMBO denizens with entrepreneurial spirit visit with their hands out. It’s close to NYU and also has a lovely, youthful energy. Parking is expensive in Union Square but the smart money walks the streets. SOHO is what makes the digital triangle different. It is where designers, the truly creative and exceptionally beautiful like to call home. They don’t live there really, just work, shop and hang. If you can’t get inspired in SOHO with all its art, nubes, soft tacos, fashion, and vibe, you can’t get inspired. All these neighborhoods are a subway or bike ride apart and feed off of each other. It is a perfect storm for start-ups.
Unlike Sand Hill Road (money), its surrounding neighborhoods of Menlo Park, Palo Alto, etc. (tech engineers) and San Francisco (ad people) the Digital Triangle is close but not really connected. The west coast likes campuses. It works but not like the digital triangle. As technology’s pull increases and more and more of the economy is tied to digital commerce, NYC will grow in importance globally and will become a tech capital with no peer. Just ask Fred Wilson. Peace.