In her role as Managing Director of New York Tech Meetup, Jessica Lawrence has a unique perspective on what’s bubbling up from the city’s startup community. She’s blogging her insights for us every month. So what should attendees at tonight’s meetup expect to see?
The trend in New York tech this month isn’t just about a handful of startups, it’s about the New York startup community as a whole — and the money that is flocking here to invest in tech.
Data from a recently released report by the Center for an Urban Future highlights New York’s growth as a startup community — and its new position as the fastest-growing tech hub. Between 2007 and 2011, venture capital deals increased 32% in New York, while deals were down significantly in every other region, including Silicon Valley (-10%), New England (-14%), LA/Orange County (-8%), Texas (-17%) and San Diego (-38%). In addition, the number of accelerators in New York went from 0 in 2008 to 12 in 2012, and NY Tech Meetup’s own membership nearly tripled between 2008 and 2012. Even the real estate footprint of tech and media/information companies has been impacted, increasing from 3.8 million square feet in 2010 to 6 million square feet in 2011.
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