He suggests that the lack of NYC tech IPOs compared to Boston is a result of:
I would agree with all of that. Plus as Shai Goldman points out in the comments, time is also a factor:
Hi Jeff, you are missing another reason why NYC hasn't had many IPOs as compared to Boston. Many of the NYC companies that are doing well were started in 2007 or later, so it will take a few more years before they are IPO ready. The Boston IPOs that were stated in this post were started before 2007 I believe. You also forgot to mention Admeld (NYC company) which was a $400M acquisition by Google in June 2011.
I responded in the comments with this:
i think it's all of the above (including Shaig's comment about time)
NYC is a trader town. people like to trade stocks not hold stocks. so what Buddy did is more in line with how NYC folks think. Boston seems to have a long standing culture of building large public companies, like Silicon Valley.
that said, i think we have a couple NYC based companies that will choose the IPO route in the next few years. we are not in a hurry nor are they.
To me this is all about the decades it takes to build a lasting startup community. Boston has been at it since the end of World War II. Silicon Valley has been at it since the 1960s. NYC has been at it since the mid 90s. We will get there. I see it in our portfolio and all around NYC these days.
And while we are talking about Jeff's blog, let's all encourage him to get Disqus on there. He writes good stuff and I am sure he'd get more discussion with a modern comment system.