While the dotcom industry in Silicon Alley may be in its nascent stages, it's growing fast. Another Pricewaterhouse-Coopers survey shows that new media businesses in the New York City metro area have increased by 75 percent since 1997, with most of these focusing on content, development and e-commerce. And while much has been made of tech talent flocking to the West Coast in search of power and riches, the survey shows that 20 percent of respondents moved to New York from other locations. Many of these hailed from high-tech areas, with 17 percent of relocating respondents coming from Silicon Valley.
Still, most dotcommers you talk to from either coast will tell you they like where they are and aren't planning to move. "I think the press likes to talk about [envy], but no one really cares," says Stites. "People who live in New York really like living here, and I'm sure people who live in San Francisco like living there. You've got two cities that are very expensive to live in; if you weren't happy living in either one, you probably wouldn't make the sacrifices to live there."