Tech:NYC Turns Two

It seems like yesterday when a bunch of folks in the NYC tech sector decided that it was time to form an organization to represent the tech sector in NYC.

But in fact, it was a little more than two years ago.

There was some upfront work we had to do and in the summer of 2016, we announced Tech:NYC.

Two years later the organization is 630 member companies strong, including over 500 small early-stage companies.

Yesterday, Tech:NYC issued their second annual report, which is just one long web page.

I really like this way of doing annual reports. It’s easy to consume and accessible to anyone with a computer or mobile phone.

If you are involved with or care about the tech sector in NYC, take a minute to read the annual report (it won’t take much more) and see about all the great things that are going on in NYC’s fastest growing economic sector.

And if you aren’t a member yet, you can join our email list at the end of the report and start hearing from us, which hopefully will lead you to join.


Comments (Archived):

  1. William Mougayar

    “New York Will Never Be Silicon Valley. And It’s Good With That.”That can be said of many other tech ecosystems, and that’s a good thing too.But 71B as total value seems a bit low, no?

    1. PhilipSugar

      Think about that for a second William, that is more than $5k US dollars for every single household in Canada.

      1. William Mougayar

        Not sure I followed the analogy. That number seemed small, and I wished I knew how they arrived at it.

    2. LE

      “New York Will Never Be Silicon Valley. And It’s Good With That.”Yeah well I’d rather be tall all else equal. And I’d rather have a full head of hair all else equal.I saw that qwip and actually didn’t like that line. It’s deprecating and apologetic. There is no reason to do so either. If anything it would make more sense marketing wise to be loud and proud about why it’s better that SV (although you could also view that as deprecating).Remember there is fresh kill hatching everyday. No reason that you have to remind them that you are not the place everyone wants to be. Sure they might figure it out on their own.Let’s say I know nothing about Canada. I see an ad for Mississauga where it compares itself to Toronto. Immediately I think ‘ok Toronto is the real deal’. (Know nothing about that town other than I once met at a trade show the most beautiful girl I had ever seen and she came from there. And that stuck with me to this day.)I will say also that this is, like anything, art. And that is the way I view this type of thing gut.

  2. johnmccarthy

    Congrats and thanks for the leadership.

  3. Matt Zagaja

    Sometimes Fred I go to your blog and read about your side projects (as opposed to your day job) and wonder if I’m even trying at life. Hoping for tomorrow’s post on “time management” hacks.

    1. DJL

      Agreed. I barely have time to take out the garbage. Fred is the right guy at the right time with the right skill set for NYC tech.

      1. Richard

        Outsource the garbage.

  4. DJL

    Congratulations. Houston could really use something like this. There is a lot of activity, but it is completely decentralized. And there is a huge lack of capital for tech.After I get my first big exit in 2025 I am going to have to start one myself.

  5. Angel L.

    Congratulations on this fantastic initiative in NY – tech for impact. Very informative webpage.What I envision FinTech Connector to be at a grassroots level of connecting the global fintech community for impact.

  6. Tom Labus

    Public cos should adopt this format for annual and Q reports. Be a lot easier to decipher and maybe someone would read them!

  7. PhilipSugar

    They attribute the pictures but not who did the site. I’d hire them.

    1. LE

      The IP address traces back to squarespace and the source code (attached snip) notes squarespace. Consequently this is most likely a squarespace theme that anyone can use. (As I always say ‘from a quick check’)…. https://uploads.disquscdn.c

  8. jason wright

    the Empire State Building image is a registered trademark?

  9. JLM

    .Stronger than an acre of garlic. I have never seen anything as organizationally impressive and to think it is only two years old is extraordinarily bueno.Well played.I wish the Annual Report had some financial info.Three comments:1. I wish there was some specific recognition of veterans outreach. As a veteran, this is very important to me and as an entrepreneur I think it is an untapped source of superb leadership talent.2. I wonder if there is any room for a dissenting or alternative opinion in any of the discussions? Would a conservative entrepreneur feel at home in this organization? When I peruse some of the white papers, an alarm goes off.Diversity of opinion is a core element of diversity.3. I would like to see financial numbers as a means of validating the long term viability of the organization.Again, this is the most impressive organizational effort around tech I have seen associated with any individual city.Well played.JLMwww.themusingsofthebigredca…

    1. LE

      You have that critical mass of NYC go getters in action. Honestly really hard to match that in other places as hard as they might try.

    2. sigmaalgebra

      A guess: It’s all heavily NYC Democrat with just a standard deck — race card, gender card, immigration card and no Vet card. Ah, I’m being indelicate again? By mentioning a Vet card, I’d be accused of violating all the other cards????

      1. jason wright

        NYC’s ‘deep state’ network?

  10. sigmaalgebra

    Okay, I saw the”more than $11 billion in funding in 2017 alone.”So, I looked for the details and could find only a link to a standard MoneyTree report for the whole country.The BoD is HUGE. Looks like people who on average never wrote much code or ever did anything very technical!Okay, there was dial up, CompuServe, AOL, Time-Warner, Verizon, …, some ISP work, some Web sites, some movie streaming, maybe some movies. But is that a good foundation or even direction for a bright future for information technology (IT) in NYC?Okay, there was the transistor, lots of US DoD buying, the Stanford EE department, HP, the IBM PC, Apple, Microsoft, Intel, Cisco, the Internet, Google, Facebook, Twitter, Qualcomm, mobile, Amazon, etc. but (A) what is the future, extrapolation, next big thing for that history, theme, thrust and (B) what are the connections with NYC? I don’t see much.Gee, Google does Youtube, e.g., the H. Hahn Mendelssohn…To me, the Democrat party, especially in NYC, went, to put it delicately, insane, took an arm in arm, all together, swan dive into a sewer, and the MSM, especially in NYC, followed — both are from nearly irrelevant to nearly dead. So, I see no bright future for NYC information technology (IT) following or closely connected with NYC MSM.It looks like NYC IT is tearing its remaining muscles patting itself on its back while knee deep in sewage with the level rising.NYC and its IT need a “reality check” and “wake up call”?