Silicon Alley rapid halt during the early 2000s recession. During this economic contraction, many internet companies in Silicon Alley folded. The recession also affected publications that covered the sector. After the dot-com bust, the "Silicon Alley Reporter" was rebranded as "Venture Reporter", in September 2001, and sold to Dow Jones. Self-financed AlleyCat News ceased publication in October 2001. A couple of years after the dot-com bust, Silicon Alley began making its comeback with the help of NY Tech Meetup, and NextNY. On December 19, 2011, then Mayor Michael R. Bloomberg announced his choice of Cornell University and Technion-Israel Institute of Technology to
Silicon Beach Fest Silicon Beach Fest Silicon Beach Fest is the name for a conference featuring both startup and Hollywood entertainment companies, based in Los Angeles, California, United States. Silicon Beach Fest was the "first time that local incubators, accelerators, digital media shops, and investors city-wide have gathered together to examine the burgeoning tech scene in L.A." The term "Silicon Beach" has been popularly used by the media when referring to LA's growing startup and tech scene. Many of the panels and workshops at the conference feature speakers from media companies and startups who are innovating in digital and entrepreneurial activity, and reflect