A new report from CB Insights revealed that NY takes second place in tech mergers and acquisitions. CB Insight’s Tech M&A Report found 2,227 private tech companies were bought in 2012. California was first, with 455 companies. NY came in second with 138 companies. Anand Sanwal, CB Insights [Full Story…]
NY Takes a Slice of Silicon Valley’s VC Funding
January 21, 2013 at 2:08 pm
NY had a very good fourth quarter, according to CB Insights CEO Anand Sanwal. He told the New York Daily News that, "New York ended up stealing share from California." California's share fell from 45 percent to 41 percent, while NY went from 11 percent to 12 percent. NY's funding grew to a [Full Story…]
Tumblr CEO Says NY Tech Sector Has a Different ‘Flavor’
February 20, 2012 at 2:04 pm
Tumblr CEO David Karp said NY’s tech sector has a different ‘flavor’ than Boston or California. The flavor, he told Capital New York, “tends to be very design-centric and very media-centric. New York continues to really excel in that sort of stuff because, again, we’re just so steeped in [Full Story…]
Startups: Saving College Grads From Life as Investment Bankers
January 16, 2012 at 4:27 pm
In a new infographic comparing Silicon Valley to Silicon Alley startups, Chris Dixon, the co-founder of Hunch, said, “We’re helping save the next generation of college grads that would have gone over to Morgan Stanley.” But John Doerr of Kleiner Perkins Caufield & Byers is a proponent [Full Story…]
NY Drops to Third in 4Q VC Funding Behind Mass.
January 13, 2012 at 4:07 pm
Venture capital deals in NY fell to third place, behind California and Massachussets, in the final quarter of 2011. The state ranked No. 2 in the third quarter, which Anand Sanwal of CB Insights described as “an anomaly.” “Massachusetts was consistently No, 2 in the market, so this is a [Full Story…]
NY’s Fantasy To Replace Silicon Valley Is Still a Fantasy for Now
January 5, 2012 at 11:22 am
A recent article by Crain's New York Business discusses how NY will may one day surpass Silicon Valley as the tech capital in the US. The article points to the fact that key factors, such as engineering jobs and VC funding, are on the rise in NY, but also addresess the reality that the city is [Full Story…]
Why Cornell Won and Stanford Lost, Another Perspective on NY’s New Applied Science Campus
December 30, 2011 at 4:03 pm
Wired talked to Charlie Kim, CEO of NextJump, who was on the mayor's committee to select the science and technology campus for NY. Kim said that Stanford University was inherently conflicted from day one. While the proposal it brought was strong, the California school could have faced trouble at [Full Story…]
Developers and Sales Engineers Head the List of NY’s Top Ten Tech Jobs
December 30, 2011 at 12:52 pm
According to CyberCoders, 2012’s hottest tech job in NY will be a PHP developer with an average salary of $96,071. But Ruby developers can expect to make about $10,000 more. The California-based tech and staffing company CyberCoders, which recently opened a NY office, published a list of the [Full Story…]
Why NY Dominates Silicon Valley as Premier Tech Hub
November 13, 2011 at 2:33 pm
Silicon Valley has been the breeding ground for the most innovative minds in technology. Its climate has undoubtedly been conducive to the prosperity of startups, Matt Straz in MediaPost notes. With money, management and engineering talent available in abundance in the Valley, there was a time when [Full Story…]
New Website Aims to Defray Hotel Costs for NY Travelers
November 12, 2011 at 10:03 am
With autumn now in full swing, NY hotel prices are at their all time high. What can travelers do to ease the burden of lofty costs for brief visits to the Big Apple? According to am NY, a website launched earlier this year, Airbnb, connects visitors looking to rent a spare apartment, bedroom or [Full Story…]
Do NY Tech Startups Need Tax Incentives From the City?
October 25, 2011 at 11:32 am
by Al Barbarino As Silicon Alley’s tech companies demand tax incentives for startups, experts warn that such incentives are not the key to stimulating tech growth. Company executives suggest that NY implement tax breaks and incentives for emerging tech companies. Some want tax holidays and [Full Story…]
Can Silicon Alley Ever Overtake Silicon Valley? Maybe
August 24, 2011 at 12:05 pm
Molly McHugh, writing for Digital Trends, takes an in-depth look at whether NY can ever rival Silicon Valley as the tech capital of the U.S. While New York startups are “media-focused” the west is more “technology-focused,” underscoring New York’s strengths in advertising, finance and [Full Story…]
NY Tech Council Director Skeptical that NY is the Next Silicon Valley
July 12, 2011 at 4:02 pm
While Silicon Alley's venture capital investments and tech startup scene continue to grow, recently surpassing Boston, the area still has a ways to go before catching up to Silicon Valley. Google is a perfect example: the tech giant recently purchased the largest office space in New York, but [Full Story…]
Reddit Will Run Pro-Marijuana Campaign Ads
September 5, 2010 at 11:00 am
A battle is shaping up over ads urging Californians to vote yes for legalized marijuana and which outlets will carry them. According to Wired, NY-based Condé Nast owned Reddit, a socially populated news aggregator, staged a mini-rebellion recently, deciding to run ads for a pro-marijuana [Full Story…]
Venture Capital Spending on NY Internet Deals Up in Q2
July 16, 2010 at 12:53 pm
In its Q2 2010 Venture Capital Activity report, CB Insights, a private research firm based in NYC, found that the 2nd Quarter represented NY's fourth quarter in a row of increased venture funding, with early stage deals dominating and taking 62% of all deals. Geographically, New [Full Story…]
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