from the article: "...according to investors, founders and businesses with ties to the region." seems to confirms my bias that this is based more on hopes and dreams than reality.

NYC wants to be seen as a hub for tech startups, but they aren't. There's lots of great investment there, especially for building around stuffy old-business workflows, but its not exactly an innovation R&D center and that's ok.

But yes, I'm sure more funders in NYC would love a greater slice of the VC pie that's been historically over-allocated to SF.