New York City Casts a Net to Catch the Next Big Start-Up
- Steve Lohr for New York Times May 1st, 2016
- Source: http://www.nytimes.com/2016/05/02/technology/new-york-city-casts-a-net-to-catch-the-next-big-start-up.html?_r=0
For years, New York — a city not accustomed to being second banana — has looked on as Silicon Valley has solidified its influence over the technology industry.
Sure, New York has added tens of thousands of good-paying tech jobs while the Wall Street job engine has sputtered. And the city’s start-ups pulled in $1.94 billion in venture funding in the first three months of this year, the most for any quarter in five years and second only to Silicon Valley, according to the research firm CB Insights.