Is It Now Better To Start A Tech Company In NYC Than San Francisco?
Will the Big Apple be the next Silicon Valley? Startup founders are starting to wonder.
Is New York City the new Silicon Valley? This the question Roger Wu, a startup co-founder, is proposing in his recent article on Quartz. Although reports do show that successful startups in the Valley are valued nearly 40 times more than those based in New York. However, a closer at other factors such as turnover of revenue and risk.
Wu draws from sources like the New Tech City report, and Statistic Brain, that Silicon Valley has a “larger number of more risky” companies, whereas the “overall composition of New York companies is less risky.” According to the Startup Genome Report: