The tech people created a startup hub in a hemispherical market leader in finance, but forgot to tell the finance people about it and/or the finance people don't find them interesting.

Water, water everywhere but not a drop to drink. It boils down to no one will give the founders money.

Lots of talk about a startup hub location needs people, schools, devs, entrepreneurs, out of control rents, coffee shops or whatever, but if you copy everything about SV other than the VCs, don't get too surprised there are no VCs there.