New York just deployed 562 billion dollars in venture capital last quarter but deal velocity dropped 8 percent while Massachusetts surged 17 percent and Connecticut jumped 15 percent in new deals. Turns out most of that New York money isn't backing the next Stripe, it's asset management funds and Wall Street vehicles moving money around, while the actual startup action is accelerating in Boston with shared AI infrastructure that gets companies to enterprise contracts three times faster. The biggest pile of cash and the most momentum are in completely different places right now, and only one of those strategies is gonna matter when these seed rounds turn into the next wave of billion-dollar companies.