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New data coming out of New York is showing that the New York’s technology venture capital (VC) scene is growing at rapid rates. As “Tech VC King of the East”, New York still can’t compare to the tech champion that is California – however, its rapid growth in the last two years proves to be a significant item of thought. The image below, courtesy of CBinsights, shows how New York took over Massachusetts’ reign of technology VC in the East and how their numbers compare to California.
So what does this mean for us? Well, if you are looking into starting a tech company and were vying for a Silicon Valley launch, you may want to set your sights to New York as well. Apparently the VCs there are itching for some emerging technologies, and you could get lucky.