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Old 06-11-2015, 12:55 PM
 
275 posts, read 297,800 times
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Quote:
Originally Posted by Gantz View Post
Its crazy how much NYC is gaining too. 10 years ago I am pretty sure NYC was similar to Chicago, below LA. It used to be Bay area first, Boston second, LA distant third, then everyone else. For the past few years, NYC is competing with Boston now for #2. This is an industry that didn't even exist in the city before Bloomberg.
Well, NYC is the nation's finance hub and VC is a financial activity. It really shouldn't be too surprising.
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Old 06-11-2015, 01:06 PM
 
325 posts, read 191,581 times
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Quote:
Originally Posted by marothisu View Post
Kind of surprised that Houston is so low - I would have expected them to be higher.
Not really surprised - the fossil fuel industry is not a natural match to the somewhat speculative and "spray and pray" model of Venture Capital investments. The capital required to do anything in the energy business is enormous, money is made over a longer term business cycle, the end consumer buys the product as an undifferentiated commodity, a premium is placed on "things that work" and new technology adoption is slow. Extracting fossil fuels through 2 miles of rock is very different from making an I-phone App, and is invested into accordingly. You make returns on batting .350 on singles, not waiting years for a grand slam.

VC works for many aspects of tech and quite a few of biotechnology - along with a smattering of light industrials, retail concepts and other medical-ish industries (and alternative energy companies that are not profitable without government subsidies). These tend to be in core cities, and this list reflects that quite well.

Please keep in mind that, according to these numbers, the total 2014 outlays for what they define as "VC" is under $50B. Just this week, a single mobile semiconductor company was bought in Irvine for $40B, and I doubt anyone here noticed or knew, but money was invested all the same. VC remains a relatively niche (but sexy and lucrative) way of getting a return on your investment. It has nothing to do with how many rich ex-car dealers or bolo-tied billionaires live in a given city.
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Old 06-11-2015, 05:42 PM
 
Location: Tualatin Oregon
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when we look at these dollars how much is attributed to the home city of parent companies? For example most of Portlands startups are based out of the San Francisco bay area and some newer ones based out of Japan
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Old 06-11-2015, 06:43 PM
 
Location: SF Bay Area (formerly DC and Boston)
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NY is an underperformer in tech, low percentage of overall employment is engineers, and no major tech HQ's besides very old school IBM.
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Old 06-11-2015, 06:56 PM
 
Location: Upper West Side, Manhattan, NYC
14,304 posts, read 17,941,912 times
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Quote:
Originally Posted by TheseGoTo11 View Post
NY is an underperformer in tech, low percentage of overall employment is engineers, and no major tech HQ's besides very old school IBM.
First of all, behind the scenes in the consulting practice, IBM does some very modern things (and amongst other research oriented things like Watson). Second of all, it's not even HQ'd in NYC. It's HQ'd in Armonk, which is on the border of CT and NY, about 35 north of Midtown Manhattan. That would be like saying some company in Morristown, NJ is HQ'd in NYC.
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Old 06-12-2015, 02:24 PM
 
Location: Brooklyn, New York
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Quote:
Originally Posted by TheseGoTo11 View Post
NY is an underperformer in tech, low percentage of overall employment is engineers, and no major tech HQ's besides very old school IBM.
NYC hasn't had tech industry in this city at all until very recently, so we don't have any big companies. They simply didn't have time to grow. The overall employment of tech jobs in this city is at an all time high, and is growing at a faster pace than any other industry. There has been many new tech startups that people don't even know are based in NYC, they assume they are from silicon valley: FourSquare, Meetup.com, Etsy, MakerBot, Tumblr, LiveStream, Huffington Post, BuzzFeed, Stackoverflow, Birch Box, etc.
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Old 06-14-2015, 07:08 PM
 
Location: SF Bay Area (formerly DC and Boston)
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Quote:
Originally Posted by Gantz View Post
There has been many new tech startups that people don't even know are based in NYC, they assume they are from silicon valley: FourSquare, Meetup.com, Etsy, MakerBot, Tumblr, LiveStream, Huffington Post, BuzzFeed, Stackoverflow, Birch Box, etc.
Added together, those companies are worth less than Pinterest, and way less than Uber.

And what, no mention the most influential NY startup MongoDB? Is that because they're now saying they have a dual HQ in Palo Alto?

NY, and I mean Tri-State, so including NJ, Westchester, and CT, hasn't had a breakout company. Is there a single NY tech company (and not counting old pharma companies or old world IBM) that's even worth more than $5 billion?

Seattle, for example, has Microsoft, Amazon, F5, Tableau, Expedia, and Zillow. Can't think of another metro area besides SF/SJ or Seattle that has 5+ tech companies worth > $ 5 billion. And no, gov't contractors like we have here in DC don't count. Thinking computer/software/Internet service companies created after the invention of the integrated circuit.
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Old 06-14-2015, 08:01 PM
 
Location: Denver
6,628 posts, read 12,121,523 times
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Quote:
Originally Posted by TheseGoTo11 View Post
Added together, those companies are worth less than Pinterest, and way less than Uber.

And what, no mention the most influential NY startup MongoDB? Is that because they're now saying they have a dual HQ in Palo Alto?

NY, and I mean Tri-State, so including NJ, Westchester, and CT, hasn't had a breakout company. Is there a single NY tech company (and not counting old pharma companies or old world IBM) that's even worth more than $5 billion?

Seattle, for example, has Microsoft, Amazon, F5, Tableau, Expedia, and Zillow. Can't think of another metro area besides SF/SJ or Seattle that has 5+ tech companies worth > $ 5 billion. And no, gov't contractors like we have here in DC don't count. Thinking computer/software/Internet service companies created after the invention of the integrated circuit.
Boston does too, however its major tech companies are usually more behind the scenes. There's EMC Corp ($52B), Akamai ($13B), Trip Advisor ($11B), Raytheon ($31B), Skyworks Solutions ($20B), Analog Devices ($20B), and Nuance Communications ($5.5B), among others. It also has many major offices for tech companies in the area (Google, Apple, Facebook, Amazon, Oracle, etc.)

Last edited by tmac9wr; 06-14-2015 at 08:13 PM..
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Old 06-14-2015, 09:53 PM
 
Location: SF Bay Area (formerly DC and Boston)
1,936 posts, read 3,240,827 times
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Quote:
Originally Posted by tmac9wr View Post
Boston does too, however its major tech companies are usually more behind the scenes. There's EMC Corp ($52B), Akamai ($13B), Trip Advisor ($11B), Raytheon ($31B), Skyworks Solutions ($20B), Analog Devices ($20B), and Nuance Communications ($5.5B), among others. It also has many major offices for tech companies in the area (Google, Apple, Facebook, Amazon, Oracle, etc.)
Raytheon's a defense contractor, they're big around here, doesn't count. The culture at these defense contractors couldn't be further from the tech industry, and they implement technology for one customer, as opposed to creating new technology for the mass consumer or business markets. I've interviewed people from defense firms and they go into shock when they hear that people are allowed to wear shorts to work and have happy hours in the office.

But yes, the others certainly do, so I missed Boston then. It would also be better off if DEC hadn't failed so dramatically. Still don't think there are any other metros with 5+ tech companies worth $5+ billion.

We also have a lot of satellite tech offices here in the DC area, but nowhere near the same as having the HQ.
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Old 06-15-2015, 08:34 AM
 
Location: Brooklyn, New York
3,239 posts, read 3,481,371 times
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Quote:
Originally Posted by TheseGoTo11 View Post
Added together, those companies are worth less than Pinterest, and way less than Uber.

And what, no mention the most influential NY startup MongoDB? Is that because they're now saying they have a dual HQ in Palo Alto?

NY, and I mean Tri-State, so including NJ, Westchester, and CT, hasn't had a breakout company. Is there a single NY tech company (and not counting old pharma companies or old world IBM) that's even worth more than $5 billion?

Seattle, for example, has Microsoft, Amazon, F5, Tableau, Expedia, and Zillow. Can't think of another metro area besides SF/SJ or Seattle that has 5+ tech companies worth > $ 5 billion. And no, gov't contractors like we have here in DC don't count. Thinking computer/software/Internet service companies created after the invention of the integrated circuit.
NYC's tech scene is still very young. All of the Seattle's companies you posted are over 10 years old. Thats older than the entire scene in NYC....
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