Over the last five years, New York has seen tremendous growth in its tech ecosystem, resulting in a boom of startups in practically every industry from ecommerce to health. As a tech community and the epicenter of finance, New York has evolved into an oasis for entrepreneurs looking for tech, capital, and connections all in one place.
New York tech moves as fast as the city, with new rounds of fundraising, acquisitions, and startups forming daily,” said Yuval Ariav, a notable venture capitalist in the city.
While in most US cities, tech sectors receive about 13-16% growth, NYC has experienced nearly 60% growth, outpacing the world as a new technological hub.
Because New York startups are surrounded by various industry bigwigs and peers, creating the newest “it thing” in tech that will revolutionize life isn’t necessarily a New York startup’s top priority. With the constant competition and array of other industries surrounding them, New York startups often focus more on social impact and how their respective companies will work in conjunction with others to improve everyone’s future. Startups are seeking to determine how to make the best future with what already surrounds us.
Read MoreAt its core, the New York startup culture is an amalgamation of the city’s ideals and values (e.g., hard work, efficiency, goal-oriented) with the DIY nature of startups. The people who support startups at the ground level have great ideas and ambitions; but what they also have is the drive to succeed and an unbending fortitude to turn their ideas into a successful products and services...
