"It would have made no sense for me to build Path 101 anywhere else but NYC, because my network is here."
So right... if you have spent your whole life in NYC, went to college there, and spent a year working at one of the most well known East coast VC firms (like Charlie has), then yes, Paul Graham is completely wrong about doing your start up in NYC. But what about the kid who just graduated from college and is deciding where to do his startup? Charlie's New York is not the same New York that a newcomer will experience.
I live in NY and love the city, but I agree with PG on this if your only goal in life is the success of your startup. If you have other goals though - like having interesting and diverse friends, or great experiences, and don't mind having to overcome more challenges than you would face in the Valley - then NYC is a great place for you.
So right... if you have spent your whole life in NYC, went to college there, and spent a year working at one of the most well known East coast VC firms (like Charlie has), then yes, Paul Graham is completely wrong about doing your start up in NYC. But what about the kid who just graduated from college and is deciding where to do his startup? Charlie's New York is not the same New York that a newcomer will experience.
I live in NY and love the city, but I agree with PG on this if your only goal in life is the success of your startup. If you have other goals though - like having interesting and diverse friends, or great experiences, and don't mind having to overcome more challenges than you would face in the Valley - then NYC is a great place for you.