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I really have to ask, as a resident of California - have there been any massively successful startups to come out of NYC? I'm being honest when I say I can't t
by chiffonade 18y ago
I really have to ask, as a resident of California - have there been any massively successful startups to come out of NYC?
I'm being honest when I say I can't think of a single one. Maybe my memory has selection bias since I live in the bay area and LA.
Based on personal experience I would say that tech companies in NYC have a huge disadvantage because they're competing with hedge funds and investment banks for engineering talent.
- prakash 18y agoDoubleclick.
- dmpayton 18y agoI'd say Fog Creek Software is pretty successful.
- chiffonade 18y agoThat guy is a quack.
- dmpayton 18y agoWhat? The company does quite well financially and Joel Spolsky (like him or not) is Internet Famous.
- chiffonade 18y agoDude, he runs a small business on the internet. I'm talking about companies like YouTube, Google, and yes, Doubleclick like the person above you said.
- dmpayton 18y agoI guess it all depends on how you measure success.
- chiffonade 18y agoI define success by a market capitalization of one billion dollars or more. Is that cut and dry enough for you?
- lacker 18y agoEtsy is pretty successful and came out of NYC.
- steveplace 18y agoBased on personal experience I would say that tech companies in NYC have a huge disadvantage because they're competing with hedge funds and investment banks for engineering talent. First, I think absolutes are silly. Except for the previous statement. And the recursion that follows. Second... there's plenty of technical supply available in NYC. I don't think there's going to be hedgie/i-bank demand for talent anytime soon.