Fred Wilson, who wrote the foreword to Tech and the City: The Making of New York’s Startup Community, has written about the book on his popular blog, avc.com. Read about it here
As of yesterday Tech and the City: The Making of New York’s Startup Community is out on Kindle at a special introductory price. For less than a Grande Latte you can get what we think is a fun read and the basis of a conversation on the New York startup ecosystems that we would like to continue on this blog.
For those of you who are thinking of entrepreneurial ideas, wherever you may be, we hope this book can inspire you via the many stories of entrepreneurs who have gone off on their own and started companies.
And for those of you who plan to be entrepreneurs in New York, we hope this book can provide you with useful information and make starting a business in NYC a little less overwhelming.
Have a good read and thank you.
Many of you have been asking, so here’s a status: we decided to launch in Italy first, so the book came out yesterday March 7th (both paper and eBook) and we are following up with a book tour the next couple of weeks around Italy and Europe.
In the US, the Kindle edition of the book will come out first, very shortly, followed by the paper edition and all the other ebook formats in April. A number of events are being planned for April. Keep checking the blog for updates.
We are honored, thankful and overwhelmed by the initial interest, the outstanding reviews we have received so far in the European press, and are looking forward to be out in New York, the city that this book celebrates, very shortly.
A new ranking of U.S. metropolitan areas’ tech prowess has been released, and anoints Silicon Valley as No. 1 due to 226 acquisitions of privately held technology companies in 2012, followed by New York with 100!! http://bit.ly/Yh7t9A
One way to orient oneself when coming from outside the US is to contact theDivision for International Business at the Mayor’s Office for International Affairslocated at the United Nations.
There are some organizations attached to the Chambers of Commerce of specific countries that do work on behalf of entrepreneurs.
Another resource working with international economic development agencies to help their nationals enter the US startup/tech scene is TechResources.us
There are a variety of investors in New York, from angel investors to early-stage and later-stage venture capitalists. You can also apply to and be funded by one of the accelerator programs in NY.
Angels are typically individual investors who invest on their own or as a group. The typical investment size is $25k-100k per individual. They typically invest in the seed round and sometimes participate in follow-on rounds of financing. When acting as a group, you can expect investments of $200K and up.
The New York Angels is the largest angel organization in New York, comprising over 100 active individual investors. There are other organized groups, such asGolden Seeds, focused on women entrepreneurs, and there are many individual investors as well.
Seed/Early Stage Investors
Seed and early stage investors are groups investing funds in the early stages of a company’s life. They might invest in seed rounds (like the angels and often together with angels) and they invest in “Series A” rounds. They typically keep investing in follow-on rounds. While amounts may vary greatly, typical investment size is between $250K-1M for a seed round and $1-3M for a Series A round.
Early Stage to Later Stage Investors
This group of investors typically does not invest in seed deals, but they may invest from early to later stage. Initial investments may vary, but over time they might invest between $5 and $15M over the life of a company.
Corporate investors are venture capital arms of large corporations looking to invest in companies that can bring strategic value to their businesses.
There are many opportunities to network with companies, entrepreneurs and investors. There are multiple events in New York every night. Fortunately you can subscribe to a few newsletters that will help you keep track of what’s going on. New York Tech Meetup is probably the best known of the regular events. 800+ tickets are sold every month to attend the event at the Skirball Auditorium at NYU and they are regularly sold out. You can also watch the event simulcast at other locations in New York or streamed on the web. Meetup is the company that provides the online infrastructure for all the meetup events, and on its site you can find a great number of meetings on a variety of subjects that fit your interests.
Gary’s Guide publishes a list of upcoming events via a weekly newsletter, but on the web site you can also look at a list of classes and job opportunities.
Charlie O’Donnell publishes a weekly newsletter of events from his blog.
Startup Digest also has a list of local events you can subscribe to.
Organizations—events, networking, mentoring, job opportunities
New York is well supported by a variety of shared spaces, incubators and accelerators that can provide affordable office space and resources for ventures in a multitude of industry sectors. What is best for you depends on what business you are in and what kind of help you are seeking. The list of incubators, accelerators and co-working spaces has been constantly increasing. For an up-to-date list of co-working spaces, there are a number of sites one can consult, such as Mark Birch’s blog or the CoWorkingNewYorkCity wiki.
Some of these incubators and accelerators will help you in their own area of expertise. Some have a competitive admission process (e.g. Techstars) but offer some initial funding and exposure to mentors and investors.
New York State/New York City-associated
Tech Accelerator Programs
Health Care Accelerators
Digital Media/Technology Incubators
Many of the schools in New York offer business plan competitions. To get up-to-date information it is best to go to a site like BPC that tracks the many events and competitions taking place in New York.
The City of New York, through NYCEDC, is also involved in organizing business plan competitions. A notable one is NYC Next Idea, organized by NYCEDC’s Center for Economic Transformation together with Columbia’s Fu Foundation School of Engineering, aiming to attract teams from all over the world to relocate to New York.
Another competition opened to entrepreneurs all over the world and organized by the city is NYC Venture Fellows.
Another important appointment is BigApps, a contest organized by the City of New York for the best applications centered around the City, and for which the City makes available its own databases.
New York is home to several major Universities. Some of them have prestigious specialized Schools or programs focused on media and technology. Here are some of the ones offering undergraduate and graduate degree programs.
There are also a variety of courses and classes offered on entrepreneurship, technology and programming. General Assembly, for example, is a startup incubator but also a campus that offers classes in technology, business and design, while Coursehorse is a site listing a searchable database of classes offered at any point in time in NYC. And there are other programs that offer training in programming and entrepreneurship, both offline and online, as well as “learning by doing” and internship programs. Here’s some of the most significant:
Finally, there are also programs aimed at high school students. The Academy for Software Engineering (AFSE) has just been launched in New York, offering a high school degree augmented by programming courses. And Girls who Code is an organization aiming to prepare 13-17 year-old girls for opportunities in technology and engineering.