New York City is easily one of the most successful entrepreneurial hubs in the world. Home to successes like Etsy and Tumblr, the New York tech scene benefited from the recent recession by absorbing a wave of exceptionally talented former Wall Street employees. New York is home to more millionaires than anywhere else, which makes fertile ground for savvy startups. New York’s numerous accelerators and co-working spaces, as well as the promising construction of the Roosevelt Island technology campus – built to produce world-class engineering talent, have combined with deeply rooted PR, fashion, and media expertise to create enterprises at once innovative and stylish. New York’s lamentably high living costs, however, remain an impediment for startups. And while former Mayor Michael Bloomberg was a huge proponent of the local tech sector, current Mayor Bill De Blasio is an x-factor.
These businesses offer industry expertise and are a source of startup talent and potential customers. They help fuel the local startup community.
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Acquired for $1.1B by
Up and coming startup
One of the top tech investors in the world, Fred Wilson is Managing Partner at Union Square Ventures, a VC firm he co-founded in 2003. The firm’s notable successes include Zynga and Tumblr. Fred’s two-decade long track record investing in New York makes him one of the startup community’s strongest voices in the city.
Alexis Ohanian is currently a partner at Y Combinator, a Silicon Valley accelerator. Alexis is known for co-founding reddit, one of the web’s largest content aggregators. He is continually active in the startup community in New York and beyond, offering his skills as a speaker, mentor, investor and author.
Howard Morgan is a longtime entrepreneur and investor who currently serves as a Partner at First Round Capital. He combines extensive technical expertise with investing acumen, and has enthusiastically promoted the global startup community through his involvement at Idealab and New York Angels, the city’s primary angel investor network.
General Assembly is an organization that supports the global tech entrepreneur community through education in business, software development and other subjects. General Assembly was founded in New York City in 2011 and has since expanded to eleven other cities worldwide. GA continues to serve as a major anchor of New York’s startup scene.
Adam and Miguel are the founders of WeWork - one of the world’s largest co-working networks, with spaces across the United States and with several international locations to come. WeWork was founded in 2010 in New York and provides its tenants with top-notch amenities to support their entrepreneurial efforts.
Jessica Lawrence is a major organizer in the New York tech community. As Executive Director of NY Tech Meetup, she leads efforts to develop the city’s tech industry with research, networking events and other supportive initiatives. She also serves as Co-Organizer of The Work Revolution, which promotes innovation in the culture of business and employment.
Esther Dyson is a prolific angel investor and currently serves as Founder at Health Initiative Coordinating Council (HICCup), which promotes better health through its Way to Wellville challenge. In addition to her active and storied work as an investor, Esther draws on her journalistic background to write on entrepreneurship, technology, health and transparency.
Shane Smith is the head of VICE Media, an organization producing news, documentaries and other forms of journalism, which he co-founded in 1994. Shane’s early work with VICE was a harbinger for the massive disruption of the media industry we've seen over the last decade that continues today.
Angela Lee is Assistant Dean of Teaching Excellence at Columbia Business School as well as the Founder of 37 Angels. As a network of angel investors, 37 Angels seeks to increase the proportion of women in the angel investment and entrepreneurship communities. Angela contributes her diverse experience toward increasing the vibrancy of New York’s startup scene.
Brad Weinberg is an entrepreneur and investor focused on the healthcare space. He co-founded Blueprint Health, an accelerator for healthcare technologies. He previously co-founded ShapeUp, which encourages wellness through social networking. His successes in this area make him an indispensable resource for any entrepreneurs making a foray into healthcare tech.
Symbolic of the heydey of web 1.0, it was the first time the financial services industry created its own digital property and inspired many other fintech startups.May 1999
USV is one of the most notable venture capital firms in NYC. It's bankrolled major startups like Tumblr, Foursquare, Etsy, Twitter, Zynga and more, and its partners are some of the most actively followed bloggers in the global startup community.2003
The NY Tech Meetup has over 40,000 members, representing professionals from all parts of the New York technology and startup scenes. It's been key to fostering NYC's startup identity, and is a perennial linchpin of the local tech industry.2004
While Doubleclick had already IPO'd in the late '90s, Google's acquisition was, at the time, it's largest acquisition to date. This is also one of the largest technology exits in NYC history, and drew national attention to the city's tech scene.April 2007
General Assembly is a NYC-founded school that teaches on-the-ground skills in technology and entrepreneurship. Its reputation is best-in-class. The school has been pivotal in improving entrepreneurial skillsets in not just New York, but in the many cities where the school has since launched.January 2011
A major moment for 'Silicon Alley', Techstars' arrival was a tacit endorsement of New York's burgeoning startup scene. Since opening, the renowned accelerator brand has relocated a variety of top startups to the city.January 2011
An initiative by Cornell University and Israel's Technion, the applied sciences and technology campus will cover Roosevelt Island. It's meant to spur entrepreneurship and supply top engineering talent to the city.December 2011
An acquisition that again garnered the New York startup scene a global spotlight, Tumblr was the city's largest venture-backed exit.June 2013
A symbolic milestone, a piece by Fortune magazine recognized the city for it's success. Of particular note, the city's tech scene had grown by 45,000 jobs over the previous decade.April 2014
WeWork is the biggest coworking brand throughout New York and across the world. Its quickly growing footprint all started in New York in late 2009.Fall 2014