Manhattan edges out San Francisco in new early-stage startups for the first time

Re:Manhattan edges out San Francisco in new early-stage star... by hunkins on Monday May 22, 2023 @08:45PM (#36038499)

Proud biased NYC founder here. The energy, talent, and lifestyle in Manhattan / Brooklyn is incredible.

Data like this makes me suspicious of the increasingly loud threads about "10 reasons why if you're not building in SF, you're not building!"

Capital invested still wildly favors the Bay Area, but that could be a lagging indicator.

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Re:Manhattan edges out San Francisco in new early-stage star... by cashmonster on Monday May 22, 2023 @09:05PM (#36038615)

Lagging indicator of what specifically? (I agree I could imagine many relevant measures it lags, just wondering what you have in mind).

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Re:Manhattan edges out San Francisco in new early-stage star... by hunkins on Monday May 22, 2023 @10:46PM (#36039198)

Lagging indicator of previous success. For tech, this currently is Bay Area start-ups (Meta, Google).

The safe route is to invest based on brand name (aka previous success): Bay Area, ex-FAANG, Stanford education, etc. But by definition, you are trying to bet on current and future trends using previous data.

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Re:Manhattan edges out San Francisco in new early-stage star... by rcme on Monday May 22, 2023 @11:26PM (#36039437)

Later stage companies raise bigger rounds, so the metric will lag even if more companies are starting elsewhere.

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Re:Manhattan edges out San Francisco in new early-stage star... by gymbeaux on Tuesday May 23, 2023 @01:23PM (#36047607)

I don’t see the appeal of the Bay Area. High cost of living, high taxes, high rent, but also droughts, wildfires, occasional tsunamis and hurricanes.

NYC on the other hand has a giant river going through it (two technically), no wildfires, no tsunamis, and plenty of real estate, commercial and residential, compared to CA.

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