According to My Crains New York, although NY has a future in tech, the gap between it and Silicon Valley is still as wide as ever. Although there are as many as 40 Silicon Valley tech startups that are valued at more than $1 billion, NY has none. There are only seven NY startups valued at more than $500 million. THey are ZocDoc, Gilt, EverydayHealth, Seamless, Media Ocean, AppNexus, and Tumblr. Another point for perspective is that only one New York company, Shutterstock, has earned an IPO during the recent years.