NYC - #2! NYC is Now Home to the Fastest Growing Tech Industry in the US


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Submitted by Manav Malhotra on Thu, 05/10/2012 - 11:53am.

New York City has now trumped Boston as the number 2 birthplace for tech companies in the US. It's unclear exactly how much was organic growth due to synergies with the financial, fashion, and media industries which are based in NYC and how much can be attributed to Bloomberg's push. While there are some great programs that came out of the Economic Development Corporation during Bloomberg's reign, I'm inclined to give more weight to the former. Foursquare, for example, was able to race in front of Gowalla largely because it was based in New York instead of Austin, allowing them to form some key partnerships with big media players like Bravo. The report is really interesting; you can read it here.

Either way, the results make the case for LaunchPad even stronger.

Posted in Public | Manav Malhotra's blog | login or register to post comments »

Manav Malhotra Says:
Sun, 05/27/2012 - 8:30pm

NY Times: For Tech Start-Ups, New York Has Increasing Allure

Kate Meersschaert Says:
Tue, 05/29/2012 - 9:14am

Manav, this is a great article... It looks like Silicon Valley will really, finally have major competition from Silicon Alley!

Janice Joo Says:
Thu, 05/10/2012 - 6:52pm

Wow! It does sound like LaunchPad can play a big role in maximizing the impact of ed startups in lieu of NYC's new status.

Manav, could you tell me more about LaunchPad? The LaunchPad bio is brief... Any recent findings, any insight? Maybe some links to blog discussions about it? I understand there might not be a link to a formal document about it yet. Just want to gather a clearer picture about it somehow... and hear about it from an insider.

Manav Malhotra Says:
Fri, 05/11/2012 - 11:51am

Hey Janice, LaunchPad is heavy in the invention phase now; a lot of the details are still being worked out. Kate is leading up the development efforts and you can find some more information here. Kate gave a great presentation on it this week that you can check out on that page as well. If you have more specific questions or suggestions, you can contact Kate (or myself) at mm2625@tc.columbia.edu.

Kate Meersschaert Says:
Thu, 05/10/2012 - 4:36pm

Manav, this is such a great state of the "Silicon Alley" vs "Valley" union! Here is an infographic on this topic from the group who put-out the report you cite!