Let's look at the statistics first according to Q1 2011 Venture Capital Report http://www.cbinsights.com
- As for the Share of Total Venture Capital by State(including Internet, healthcare and energy sector): Transaction: CA39% MA12% NY10% / $ Amount: CA52% MA10% NY6%. California still dominate the market, followed by Massachusetts and New York.
- When it comes to VC investment in Internet business, while CA still dominate with 42% of # of transaction, NY follows CA with 15% share (MA is next with 8% share).
- As for the VC Internet business investments by the cities; San Francisco 49 deals | $315M; New York 39 deals | $218M; Chicago 12 deals | $491M(Large funding to Groupon); Palo Alto 12 deals | $189M; Redwood City 4 deals | $82M; Mountain View 8 deals | $78M; San Mateo, CA; 7 deals | $72M; Seattle, WA 9 deals | $54M; Indianapolis, IN 1 deals | $54M; Los Angeles, CA; 5 deals | $50M. NYC is ranked 2nd although still lags behind Silicon Valley as the whole. It is also notable that City of San Francisco is the largest Internet VC capital destination Vs. cities in Silicon Valley.
- As for the VC transaction on Healthcare business by states (P21), CA37%, MA19% NC2%, PA5%, NJ2%. NY is not even in the list. The fact that Top cities are Redwood City, Cambridge MA, Mountain View and Palo Alto, Healthcare VC investment tend to go to the cities in suburb.
- As for the VC transaction on Green & Clean Tech by states (P29), CA42% MA9% MO3% CO4%. Again NY is not even in the Top 5. Top cities are suburban cities such as Oakland, Santa Clara, Irvine, San Leandro and Sunnyvale.
To summarize, top VC funding destination cities are:
Based on above number, we can conclude that:
- NYC is the 2nd largest city for VC funding, preceded by San Francisco.
- However,compared to Silicon Valley as whole, NY VC funding is probably around 1/4(25%).
- VC Funding on NYC is predominantly (approx. 60%) on Internet business.
- Even in Internet VC funding, NY share is around 1/3 of that of Silicon Valley.
My theory on booming NYC internet start up scene is (and it also explain surging popularity of startup in San Francisco Vs Valley):
- The more and more internet start up business are based on consumer service, social media and advertising based, NYC has good talent pool in industories such as mass media, publishing, advertising and fashion.
- Due to financial crisis, top notch talent has moved from financial industry to internet start up business.
- Young hipster engineers for consumer business prefers to live and walk in walkable, urban environment (Vs. middle age engineers' preference on family and education friendly suburban setting).
- Old money from Wall Street, PE and HF gained risk appetite and funding more on startups.
Lastly, here are some interesting article about booming internet start up scene in NYC, all published in early 2010.
- How Tech Start-ups Like Foursquare and Meetup Are Trying to Overthrow Old Media and Build a Better New York -- New York Magazine http://nymag.com/news/med
- Tech Start-Ups Eligible for New York City-Sponsored Fund - WSJ.com http://on.wsj.com/cXjVig
New York Isn’t Silicon Valley, and That’s Why They Like It - NYTimes.com http://nyti.ms/9160N9
Hope it helps!
P.S. NYC mayor Mike Bloomberg is very aggressive in turning NYC into Digital City. Here is his Road Map http://www.mikebloomberg.
- As for the Share of Total Venture Capital by State(including Internet, healthcare and energy sector): Transaction: CA39% MA12% NY10% / $ Amount: CA52% MA10% NY6%. California still dominate the market, followed by Massachusetts and New York.
- When it comes to VC investment in Internet business, while CA still dominate with 42% of # of transaction, NY follows CA with 15% share (MA is next with 8% share).
- As for the VC Internet business investments by the cities; San Francisco 49 deals | $315M; New York 39 deals | $218M; Chicago 12 deals | $491M(Large funding to Groupon); Palo Alto 12 deals | $189M; Redwood City 4 deals | $82M; Mountain View 8 deals | $78M; San Mateo, CA; 7 deals | $72M; Seattle, WA 9 deals | $54M; Indianapolis, IN 1 deals | $54M; Los Angeles, CA; 5 deals | $50M. NYC is ranked 2nd although still lags behind Silicon Valley as the whole. It is also notable that City of San Francisco is the largest Internet VC capital destination Vs. cities in Silicon Valley.
- As for the VC transaction on Healthcare business by states (P21), CA37%, MA19% NC2%, PA5%, NJ2%. NY is not even in the list. The fact that Top cities are Redwood City, Cambridge MA, Mountain View and Palo Alto, Healthcare VC investment tend to go to the cities in suburb.
- As for the VC transaction on Green & Clean Tech by states (P29), CA42% MA9% MO3% CO4%. Again NY is not even in the Top 5. Top cities are suburban cities such as Oakland, Santa Clara, Irvine, San Leandro and Sunnyvale.
To summarize, top VC funding destination cities are:
- San Francisco 72 deals | $533M
- Chicago 12 deals | $491M (Internet business only)
- New York 61 deals | $383M
- Santa Clara 7 deals | $379M
- Palo Alto 23 deals | $322M
- Mountain View 20 deals | $222M
- Redwood City 14 deals | $215M
- Oakland 3 deals | $211M
- Irvine 3 deals | $196M
- San Jose 11 deals | $193M
- Austin 20 deals | $184M
- Sunnyvale 10 deals | $170M
- Cambridge 19 deals | $163M
- San Leandro 1 deals | $135M
- Waltham 12 deals | $114M
- Seattle 19 deals | $82M
- Houston 5 deals | $81M
- Dallas 4 deals | $15M
Based on above number, we can conclude that:
- NYC is the 2nd largest city for VC funding, preceded by San Francisco.
- However,compared to Silicon Valley as whole, NY VC funding is probably around 1/4(25%).
- VC Funding on NYC is predominantly (approx. 60%) on Internet business.
- Even in Internet VC funding, NY share is around 1/3 of that of Silicon Valley.
My theory on booming NYC internet start up scene is (and it also explain surging popularity of startup in San Francisco Vs Valley):
- The more and more internet start up business are based on consumer service, social media and advertising based, NYC has good talent pool in industories such as mass media, publishing, advertising and fashion.
- Due to financial crisis, top notch talent has moved from financial industry to internet start up business.
- Young hipster engineers for consumer business prefers to live and walk in walkable, urban environment (Vs. middle age engineers' preference on family and education friendly suburban setting).
- Old money from Wall Street, PE and HF gained risk appetite and funding more on startups.
Lastly, here are some interesting article about booming internet start up scene in NYC, all published in early 2010.
- How Tech Start-ups Like Foursquare and Meetup Are Trying to Overthrow Old Media and Build a Better New York -- New York Magazine http://nymag.com/news/med
- Tech Start-Ups Eligible for New York City-Sponsored Fund - WSJ.com http://on.wsj.com/cXjVig
New York Isn’t Silicon Valley, and That’s Why They Like It - NYTimes.com http://nyti.ms/9160N9
Hope it helps!
P.S. NYC mayor Mike Bloomberg is very aggressive in turning NYC into Digital City. Here is his Road Map http://www.mikebloomberg.
It seems you have put much effort to gather information on real estate. Very impressive job. Keep sharing.
ReplyDeleteExcellent post! I must thank you for this informative read. I hope you will post again soon. Warehousing of merchandise....
ReplyDeletePackers And Movers Hyderabad
The team deployed at the conclusion of QuickBooks Support telephone number takes great proper care of all associated with the issues of the software. QuickBooks Support telephone number have a team of experts which may be pro in handling most of the issues because of this incredible software. You'll need not to worry after all as you are seeking help under the guidance of supremely talented and skilled support engineers that leave no stone unturned to land you of all errors which are part and parcel of QuickBooks.
ReplyDeleteQuickBooks Support Phone Number
QuickBooks Support Number
QuickBooks Tech Support Number
QuickBooks Tech Support Phone Number
Intuit QuickBooks Support
Intuit QuickBooks Support Number
QuickBooks Customer Service Number
QuickBooks Customer Service
QuickBooks Customer Service Phone Number
QuickBooks Support
QuickBooks Help Number
QuickBooks Helpline Number
Intuit QuickBooks Phone Number
QuickBooks Technical Support Number
QuickBooks Technical Support Phone Number
QuickBooks Toll-free Support Number
QuickBooks Toll-free Number
QuickBooks Support
QuickBooks Desktop Support Number
QuickBooks Support Number USA
QuickBooks Support USA
QuickBooks Customer Support Number
QuickBooks 24/ 7 Tech Support Number
QuickBooks 24/ 7 Tech Support Phone Number
QuickBooks USA Support Number
QuickBooks USA Support Phone Number
QuickBooks 2019 Support Number
QuickBooks 247 Tech Support Number
QuickBooks Support Phone Number 2019
Support Number For QuickBooks
Thank you for sharing this information. And are you Looking for a reliable and experienced Real Estate Agent Sachse? Look no further than Cindy Coggins Realty Group! With their in-depth knowledge of the local market and personalized approach, they are dedicated to helping clients find their dream homes or sell their properties at the best prices.
ReplyDeleteDiscover cutting-edge renovations to elevate both interior and exterior areas, enhancing functionality and aesthetics with transformative design solutions.
ReplyDelete