New research from CB Insights shows that while Silicon Valley is still the biggest player in new tech funding, it share of the market has fallen by 7% since last year.

More importantly, as Nick Saint notes, New York — which has traditionally been viewed as a little brother to Boston on the tech scene — is now #2 in terms of new startups, while Beantown is a distant fourth.

The .4 billion in funding recorded in Q3 2010 is a drop from last quarter and a well below the .1 billion from this time last year.

But New