New York is continuing to grow as a hot spot for tech startups in particular. CBInsights reported that recently New York has widened its lead over Massachusetts when it comes to venture capital going into tech companies. Since late 2010 New York has picked up steam and is easily out-pacing Massachusetts for tech VC money. Now of course tech does not cover everything and Boston is still a great spot for other fields like life sciences and energy. This is a great sign though for all the new companies calling New York home and makes an even stronger case to bring your and build your startup in the New York area.
New York is gaining on the West Coast but there is still a ways to go to be in the same discussion with the Bay Area and Silicon Valley. Hopefully we will see this trend continue and in a few years maybe New York will be neck to neck with the valley.
Category: Startup Advice