Even as New York entrepreneurs can rub elbows with the founders of Foursquare at tech events, the overall scene still lacks the critical mass of entrepreneurs who have successfully exited billion-dollar companies, are starting again and ready to help local entrepreneurs or its own PayPal Mafia.
Moreover, Ready believes that a new generation of payments companies will lead m-commerce just as PayPal and three others took over e-commerce payments from traditional credit card payment processors.