Updated: Jan 10, 2018
Hi! I’m a freshly minted New Yorker — B2B enterprise tech professional and investor — who is eager to dive right into New York’s Startup-VC scene. But first, I want to get the lay of the land. I figure, you may want that too. So, I plan to share my research with you in my 2018 New York’s Startup-VC Scene Part I and Part II posts.
If I missed something, please leave a comment. I plan to update this document periodically.
Here’s what you’ll find in this post:
- New York Fortune 500 tech titans
- New York tech ecosystem map
- New York biggest local tech companies
- New York’s startups to watch
- Fastest growing startups in NYC
- Local tech media and podcasts
- New York entrepreneurs and investors to know
- New York events and conferences
- New York incubators and accelerators
- New York co-working spaces
- Corporate innovation labs in New York
Undeniably, big corporations help support a healthy startup-VC ecosystem by providing business development opportunities, R&D resources, funds, exits, and more. And, so, the first segment of this post is on New York’s Fortune 500s list.
💪🏼 NEW YORK FORTUNE 500 TITANS
Following California and Texas, New York houses the third largest mass of Fortune 500s at 54 companies. New York’s top 10 are listed below — along with their perspective ranking and annual revenue. Note that these companies represent a variety of sectors including: telco, finance, tech, CPG, pharma and insurance.
Curious about the rest of the other 44 companies? Find the rest of the Fortune 500 list here.
Fortune 500 Companies 2017: Who Made the List
This year's Fortune 500 marks the 63rd running of the list. In total, Fortune 500 companies represent two-thirds of the…
New York’s biggest tech companies
3 of New York’s titans land in the tech sector and include: IBM, CA, and IAC. Their perspective annual revenues range from $3 to nearly $80 Billion.
IBM offers resources for startups and partnership opportunities to VCs via their IBM Ventures arm. 2016 to date, IBM New York investments included DIGITAL ASSET RESEARCH and acquisitions included Bluewolf. Below you can see IBM Venture’s latest investments and IBM’s latest acquisitions.
While IBM, CA and IAC have not been great contributors to New York’s scene, there is good news. As per PitchBook, Corporate Venture Capital (CVC) investment has increased from $.5 Billion in 2010 to ≳$2 Billion since 2014.
📍NEW YORK TECH ECOSYSTEM MAP
But what about the rest of NYC’s tech ecosystem? If you’re like me, you’ll want to see where NYC’s tech companies are located. See the map below.
If you’re curious about the big tech satellite offices, the headcount and engineer breakdown, check out the data below:
🔥 Built In NYC’s TOP LOCAL TECH COMPANIES
NYC’s Top 100 tech companies, in aggregate, employ nearly 40,000 people. The top 25 local tech companies are listed below. There’s a lot of media, a handful of software companies and a sprinkle of food, fintech, web, healthtech, e-commerce, and fitness startups.
- Bloomberg (software)
- Oath (media)
- CA Technologies (software)
- VICE News (media)
- Blue Apron (food)
- E*Trade (fintech)
- BuzzFeed (media)
- Yext (web)
- FreshDirect (food)
- Etsy Design Team (e-commerce)
- AppNexus (web)
- Refinery29 (media)
- Peloton Engineering (fitness)
- Information Builders (software)
- Flatiron Health (healthtech)
- Shutterstock Opiniones (web)
- Squarespace Inc. (web)
- Infor (software)
- Group Nine Product (media)
- Oscar Health (healthtech)
- Gilt Groupe (e-commerce)
- Intersection Staff (marketing)
- Namely (software)
- Business Insider (media)
- XO Group Tech Team (media)
Check out the rest of the 2017 NYC’s Top 100 tech companies here.
👀 NEW YORK’S STARTUPS TO WATCH IN 2018
New York unicorns to watch
You’ll want to watch the privately-held startups with a +$1 Billion valuation.
New York’s early stage startups to watch
You’ll also want to keep an eye on these 21 early-stage startups. Analysis was driven on high levels of founding team background, growth, mindshare, employee growth in the last 6 months, and more.
- Abacus — Abacus is an intuitive way for you to reimburse your team, reconcile corporate cards, and implement your expense policy.
- AND CO — A smart back office for freelancers.
- Brooklinen — Brooklinen is a manufacturer and supplier of sheets and pillows. Luxury bedding, underpriced.
- Cheddar — Cheddar is a live and on demand video news network focused on covering the most innovative products, technologies, and services.
- Electric.ai — Electric helps businesses save time and money by keeping their business-critical apps and hardware running smoothly, right from Slack.
- Ellevest — Ellevest offers digital investment advice for women.
- Emissary —Our platform pairs sales professionals with former executives at the companies they are targeting.
- Function of Beauty — Function of Beauty offers personalized hair care products tailored to its customers’ specific hair profile and goals.
- Jopwell — Jopwell is a digital recruiting platform that connects your recruiters with diverse professionals and students.
- Kit —Kit allows users to discover, discuss, and get interesting products – grouped into kits – for all sorts of activities.
- Latch — Latch makes access easier for everyone at a modern building.
- Lemonade Inc. —Lemonade offers homeowners and renters insurance powered by artificial intelligence and behavioral economics.
- MoneyMio — MoneyMio is the first bilingual website dedicated to empowering Latinos in the U.S. with personal finance education and comparison tools.
- Morty — Morty is a mortgage marketplace that allows homebuyers to shop, compare — and close — any loan product from any lender, completely online.
- Ollie — Ollie delivers freshly made dog food from real, human-grade ingredients your dog loves to eat, delivered to your door.
- Pager — Pager is a mobile-health patient engagement technology platform that provides care navigation and care mgmt solutions for payers & providers.
- Raden — Raden uses integrated technology to bring travelers high-quality, connected smart luggage.
- Roam — Roam is an international network of communal living spaces.
- Simple Contacts — Simple Contacts provides a standard ophthalmology test verified by a licensed ophthalmologist and a prescription of new contact lenses.
- Thrive Global — Thrive Global is a corporate and consumer well-being and productivity platform that offers science-based solutions to improve performance.
- Wade & Wendy — Wade & Wendy offers machine intelligence personalities that aim to make hiring more human.
🌱 FASTEST GROWING STARTUPS IN NYC
In October 2017, inc. magazine released a list inviting us all to Meet the 10 Fastest-Growing Companies in New York City. I list the companies below in descending order with a description, sales growth percentage from startup’s launch, and Inc 5000 rank.
- AutomotiveMastermind (2013) — makes software for car makers.
Sales growth: 17,674 %; Inc. 5000 rank: 7
- DashBid(2010)— helps manage and sell advertising.
Sales growth: 12,978%; Inc. 5000 rank: 14
- MM.LaFleur’s The M Dash (2013) — e-commerce delivery service for professional clothing.
Sales growth: 6,594%; Inc. 5000 rank: 43
- iBenzer (2013) — makes laptop sleeves and other tech accessories at its New York City studio.
Sales growth: 6,291%; Inc. 5000 rank: 48
- Chef’s Cut Real Jerky (2009)— sells a variety of meat jerky products.
Sales growth: 5,669%; Inc. 5000 rank: 58
- The Elephant Pants (2013) — makes loose pants, giving 10% of sales to organizations that aim to end the exploitation of elephants.
Sales growth: 4,582%; Inc. 5000 rank: 81
- S’well (2013)— maker of a line of artfully designed water bottles.
Sales growth: 3,862%; Inc. 5000 rank: 100
- Bionic Solution (2013) — provides growth strategy services.
Sales growth: 3,391%; Inc. 5000 rank: 120
- TripleLift (2013) — specializes in native video and image ads.
Sales growth: 2,522%; Inc. 5000 rank: 164
- Zeel Massage (2016) — company lets users book massages on demand via an app.
Sales growth: 2,489%; Inc. 5000 rank: 167
🎙 LOCAL TECH MEDIA AND PODCASTS
Media — Follow this Twitter list of NYC’s local tech media stars here.
Podcasts — Take a look this SoundCloud podcast list here.
💰 NEW YORK ENTREPRENEURS AND INVESTORS TO KNOW
Follow the top startup founders, execs, and VCs on this Twitter list; follow these entrepreneurs on this Instagram list; and make sure you know the top 20 VCs in the world and the Midas List of Top Tech Investors.
Best Of Tech Twitter: 82 Startup Founders, Execs, VCs, And Reporters To Follow On Twitter
From Fred Wilson and Jack Dorsey to Kathryn Minshew and Dan Primack, these are some of the best tech follows on Twitter…
The Top 20 Venture Capitalists Worldwide
Which 20 venture capitalists - the investors who unearth the tiny start-ups that turn into tomorrow's behemoths - are…
Consider following Built In NYC serial entrepreneurs and these top 50 women tech founders. Most importantly, follow the New York VC investors on the Midas list. See below for ranking, investor, VC firm, and notable investment.
To check out NYC Digital’s extensive list of New York investors, visit the page below.
The SPRK Investor Network was founded by a dedicated group of investors who believed that early-stage investing could…
🎟 NEW YORK EVENTS AND CONFERENCES
I took a look around and Built In NYC has a good list of NYC tech events. You can choose events from your favorite categories, including: Big Data, Cloud, Data Science, Venture Capital, and Women in Tech.
Tech Events in NYC | Built In NYC
Find the latest tech events in NYC. Our calendar is updated regularly with startup events and conferences.
2018 Tech Conferences: The #1 Tech Events Guide
The most authoritative 2018 tech conferences directory on the web. Period. Searching for top technology events to…
inc. magazine’s Andrew Thomas put together The Top 30 Conferences for Entrepreneurs in 2017. Although it’s not a list for 2018, I find it to have some pretty great conferences that will repeat in the new year.
The Top 30 Conferences for Entrepreneurs in 2017
Are you looking for a big New Year's resolution that will help you elevate to the next level of your career? You should…
⛽️ NEW YORK ACCELERATORS AND INCUBATORS
According to the Seed Accelerator Rankings Project, here are the best U.S. startup accelerators, to date.
Net Guru’s New York top 3 accelerators
- Entrepreneurs Roundtable Accelerator — Entrepreneurs Roundtable Accelerator (ERA) is an early-stage venture capital fund and technology accelerator.
- Grand Central Tech —Grand Central Tech is a New York-based startup accelerator specialized in seed-stage and non-equity assistance investments.
- Techstars — Techstars Worldwide Entrepreneur Network, founders and their teams connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporate partners who will help their companies grow.
Top 10 Startup Accelerators in New York City
New York's tech ecosystem (Silicon Alley) currently ranks at number two in the country, only behind Silicon Valley…
NYC Digital’s New York incubator list
Launched from the success of the Future Labs, which fosters companies over a 12-24 month period, the NexusLab is a four…
🏓 NEW YORK CO-WORKING SPACES
The 7 best co-working spaces in New York - The Spaces
A new generation of creative workers expects more than bland 'business centers' and sterile 'serviced office space…
Top 10 best shared work spaces in New York City in 2017
Gone are the days of working in a traditional office setting, where cubicles separate colleagues and the only social…
These 7 Co-Working Spaces in NYC Also Have Cocktails
If you haven't already heard about coworking, it's the phenomenon that's taking the world by storm. For many people…
👩🏽🔬👨🏼🔬 CORPORATE INNOVATION LABS IN NEW YORK
CB Insights put together a list of 65 corporate innovation labs and categorized them by verticals, from technology to finance to media to insurance. Most are mapped in the map below. You can explore the full list here.
New York innovation labs
IPG Media Lab — IPG’s Media Lab has a team of marketers, engineers, and creatives who work directly with clients, partner with other agencies, deliver custom content to publishers, and more.
Eastern Labs — The small team at Eastern Labs is dedicated to new ideas, big bets, and experimentation. Building new products quickly, testing them, and deploying them (or going back to the drawing board) is key to their innovation process. Successful ideas can be spun out into new businesses or “spun in” to build up Eastern Bank’s robust offerings. They even partner with existing companies.
Want more info on New York’s Startup-VC scene? Check out 2018 New York’s Startup-VC Scene (Part I).
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About Author: Lolita Taub is a TEDx speaker and keynote, a World Economic Forum Global Shaper, an artificial intelligence enthusiast, and an enterprise tech professional and investor at Portfolia. She holds 9 years of enterprise B2B software-hardware-and-services sales experience at IBM, Cisco Systems, and in Silicon Valley. Lolita has been recognized for her work on Forbes, Inc.com, The Huffington Post, Entrepreneur.com, and Los Angeles Times, among other publications.