Business Insider chronicled the top 18 defining moments of the 2012 NY Tech scene. Things that stood out include Kevin Ryan's departure as Michelle Peluso, former CMO of Citigroup, becomes the new CEO of Gilt Groupe. Zynga’s $180 million purchase of OMGPOP’s mobile game, Draw Something. Gigaom [Full Story…]
Investment and Innovation Key for #NYTech Sector Growth
December 1, 2012 at 2:17 pm
Panelists at Crain’s Future of New York City conference said the tech sector's success depends on investment in talent and innovation. Kevin Ryan, CEO of Gilt Groupe, and Fred Wilson of Union Square Ventures both said NY’s lack of tech-focused universities have stymied growth. Wilson said Mayor [Full Story…]
Crain’s David Warns of NY Tech Bubble
November 12, 2012 at 4:19 pm
Crain's NY Business columist Greg David is warning of the possibility of an emerging NY tech bubble. David cited a Wall Street Journal piece that announced Gilt Groupe's removal of Kevin Ryan as CEO. The company stated that they were looking for someone who could make their site profitable. [Full Story…]
NY Startups Struggle with Online Sales, Websites After #Sandy
November 6, 2012 at 2:34 pm
As power returns to lower Manhattan after Hurricane Sandy, technology startups are getting back on their feet. Fab.com Inc., Warby Parker, Gilt Groupe Inc., Buzzfeed, and Thrillist all reopened their offices on Monday for the first time in a week. Most startup tech companies are located in lower [Full Story…]
#FacebookIPO Aftermath: Can The Alley Catch Up to The Valley?
May 21, 2012 at 2:24 pm
With Facebook going public, Silicon Valley has bolstered its title as the U.S.' economic tech giant. According to Greg David in his Crain's New York Business Column, the Bay Area's 12 percent tech representation in the regional job market gives them "an outsize economic edge." Which has David [Full Story…]
Greg David’s ‘Modern New York’ Examines NY’s Tech Sector – Part 4
May 3, 2012 at 1:03 pm
Part four of this week’s NY Convergence excerpt from ‘Modern New York’ by Greg David, examining NY’s emerging tech economy, picking up with Gilt Groupe: Its merchandising assistants came right out of the Fashion Institute of Technology and other similar schools. “They come [Full Story…]
Greg David’s ‘Modern New York’ Examines NY’s Tech Sector – Part 3
May 2, 2012 at 1:01 pm
Part three of this week’s NY Convergence excerpt from ‘Modern New York’ by Greg David, examining NY’s emerging tech economy, picking up with Dennis Crowley: He raised $20 million, attracted 7 million users, and hired more than 50 people. He linked up with American Express and [Full Story…]
Greg David’s ‘Modern New York’ Examines NY’s Tech Sector – Part 2
May 1, 2012 at 1:04 pm
Part two of this week’s NY Convergence excerpt from ‘Modern New York’ by Greg David, examining NY’s emerging tech economy: The tech sector was staging a comeback and had become broad and established enough that companies like Gilt for the first time could lure people from [Full Story…]
Gilt Rewards Influential Shoppers with Klout Cred
March 9, 2012 at 8:11 am
NY-based luxury flash-sales website Gilt Groupe has recently announced that it will offer a week's worth of sales in partnership with Klout, which assigns social media users a number between 0 and 100 based on their potential influence on Twitter, Facebook and other social media platforms. According [Full Story…]
Online Retail Strategy: Macy’s vs. GIlt Groupe
March 3, 2012 at 4:02 pm
Gilt Groupe CEO Kevin Ryan argues that bricks-and-mortar retail shops are severely threatened by Amazon and other online-only retailers, telling The Economist that he sees “no evidence that there are big opportunities for traditional retailers in online retail.” Retail sales in America are [Full Story…]
People Expands its #Oscars Coverage
February 26, 2012 at 1:02 pm
The day after the Academy Awards is People.com’s biggest traffic day of the year. Millions peruse the site to see who made the best and worst dressed lists, so for tonight's event, , People will feature a new Facebook tie-in and a Pinterest board for red carpet fashions. It will also incorporate [Full Story…]
At Fab, Every E-commerce Picture Tells a Story
February 14, 2012 at 4:13 pm
The NY-based e-commerce site Fab reached two million users in just seven months. That’s almost three times faster than it took Gilt or One King’s Lane to reach the same number. In their first year, Fab expects to make more than $100 million in revenue. According to PandoDaily, Fab isn’t an [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…]
Top Silicon Alley Tech Companies to Watch in 2012
December 30, 2011 at 11:24 am
IB Times New York previewed what it thought would be the top tech companies to watch in Silicon Alley for 2012. The list included some of the usual suspects and some new names: Fab.com, the design sales site that recently changed its business model from hosting a social network for the gay [Full Story…]
NY Makes a Mark in VC Funding This Year, Surpasses Boston
December 20, 2011 at 1:49 pm
There are many examples of great funding for NY startups in the tech scene this past year, as its 40% investment growth compared to 2010 says it all. Some examples of this growth, according to International Business Times, include Fab.com, a mere six month old design sales and inspiration site that [Full Story…]
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