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Silicon Alley Still Not Paved With Gold But There's A New Optimism New York's tech industry is recovering from effects of 9-11 and dot-com bust.(A)

Investor's Business Daily

| December 03, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: DOUG TSURUOKA

Jason McCabe Calacanis says it reminds him of the old days. Ex-dot-commers are hanging out in New York bars talking about plans for starting nifty new companies.

"Office rents are cheap, and there's a ton of talent out there that will work for very little money," Calacanis said.

But the good old days in Silicon Alley -- a swath of southern Manhattan roughly below 23rd Street known for tech start-ups -- are definitely over.

Calacanis was the publisher of Silicon Alley Reporter, a magazine that traced the rise (and fall) of New York's tech entrepreneurs.

His glossy folded in October 2001 after many Internet ...

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