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The New Boom
By Justin Jouvenal
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The technology, paradigms and players driving the new tech boom.
In 2005, one of the preeminent monthly meetings of the city's geeks, the New York Tech MeetUp, regularly drew less than 100 attendees. The events were as notable for who didn't show as who did – Silicon Alley's ranks were decimated by the twin blows of the tech bust and Sept. 11.
The meetings couldn't be more different this year. November's MeetUp, which occurs on Tuesday, topped out at a maximum capacity of 400. And the New York scene has been buzzing with news of blockbuster deals, such as Google's pending $3.1 billion purchase of web advertising company DoubleClick.
For my project, I would like to chronicle the contours of this new boom with a New York focus: Who are the players? What are the defining ideas of this boom? What companies will emerge as the new Google or Microsoft? What are the excesses? What makes it different than last time around? Can New York finally stake out a place as a major tech hub? And ultimately, is this boom sustainable or are we headed for another crash that will once again leave Silicon Alley in shambles?
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