In NYC, my purely anecdotal experience is that it's mostly startups. That said, when walking around talking to companies, it can be difficult to tell the differ

In NYC, my purely anecdotal experience is that it's mostly startups. That said, when walking around talking to companies, it can be difficult to tell the difference between a 5-10 person "startup" and a 5-10 person profitable small business. Most don't just volunteer their cap table.