2018 New York’s Startup-VC Scene (Part II)

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

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.

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Source: Fortune 500

Curious about the rest of the other 44 companies? Find the rest of the Fortune 500 list here.

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.

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Source: Fortune 500

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.

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Source: Crunchbase

CA Technologies, in the last decade has made zero investments in New York companies. In terms of acquisitions, in the last two years, CA acquired IdMlogic (2015). You can get a snapshot of their investments and acquisitions below.

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Source: Crunchbase

IAC/InterActivecorp latest New York acquisition was in 2013 with Tutor.com and invested in New York company Aereo 2012–2014.

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Source: Crunchbase

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.

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Source: PitchBook 2017: Venture Ecosystem FactBook New York

📍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.

Source: TechCrunch

If you’re curious about the big tech satellite offices, the headcount and engineer breakdown, check out the data below:

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Source: TechCrunch Airtable

🔥 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.

  1. Bloomberg (software)

Check out the rest of the 2017 NYC’s Top 100 tech companies here.

👀 NEW YORK’S STARTUPS TO WATCH IN 2018

After browsing Google, CB Insights, blogs/news sites and researching startups on Mattermark and Crunchbase, below I share my list of 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.

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Source: CBInsights

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.

  1. Abacus — Abacus is an intuitive way for you to reimburse your team, reconcile corporate cards, and implement your expense policy.

🌱 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.

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Source: Inc.com
  1. AutomotiveMastermind (2013) — makes software for car makers.
    Sales growth: 17,674 %; Inc. 5000 rank: 7

🎙 LOCAL TECH MEDIA AND PODCASTS

Media — Follow this Twitter list of NYC’s local tech media stars here.

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Source: Twitter

Podcasts — Take a look this SoundCloud podcast list here.

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Source: SoundCloud

💰 NEW YORK ENTREPRENEURS AND INVESTORS TO KNOW

Global
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.

New York
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.

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#8 Carl Gordon, OrbiMed, Acerta | Source: Forbes
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#41 Bill Trenchard, First Round Capital, Uber | Source: Forbes
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#42 Fred Wilson, Union Square Ventures, Twitter | Source: Forbes
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#81 Jeff Clavier, SoftTech VC, Fitbit | Source: Forbes
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#83 Jeff Horing, Insight Partners, Airwatch | Source: Forbes
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#85 Charles Moldow, Foundation Capital, Lending Club | Source: Forbes
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#99 Deven Parekh, Insight Partners, Fanatics | Source: Forbes

To check out NYC Digital’s extensive list of New York investors, visit the page below.

🎟 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.

Bizzabo’s Stephen Kim put together an awesome 2018 tech event and conference guide. Events are organized by month.

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.

⛽️ NEW YORK ACCELERATORS AND INCUBATORS

According to the Seed Accelerator Rankings Project, here are the best U.S. startup accelerators, to date.

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Source: Seed Rankings

Net Guru’s New York top 3 accelerators

  1. Entrepreneurs Roundtable Accelerator — Entrepreneurs Roundtable Accelerator (ERA) is an early-stage venture capital fund and technology accelerator.

NYC Digital’s New York incubator list

🏓 NEW YORK CO-WORKING SPACES

The New Worker Magazine consistently updates this map to keep the world in the know of New York co-working spaces. You can explore with the interactive map here.

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Source: New Worker Magazine

If you want to cross-reference the plethora of co-working spaces, you can visit NYC Digital’s workspaces list here and check out the best co-working space lists below.

👩🏽‍🔬👨🏼‍🔬 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

New York is home to 2 innovation labs: IPG Media Lab (media) and Eastern Labs (finance).

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.

Follow Lolita on Twitter @lolitataub and connect with her here.

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About investing in community-driven cos + supporting our underestimated founder/investor fam. GP @thecommunityvc Scout @lightspeedvp Frmly @backstage

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