Venture capitalist says New York's Alley Culture Keeps It Behind Silicon Valley

In today's Daily News, Silicon Valley venture capitalist Victor Hwang argues that in order for New York to compete with Silicon Valley—something Mayor Michael Bloomberg would very much like to see happen—it needs to become less of a dog-eats-dog city. "In New York, even the simplest transaction—from buying a sandwich to picking up dry cleaning—can be a zero-sum war," writes Hwang, the managing director of Silicon Valley's T2 Venture Capital, which has invested in a broad array of technologies. Read it here.