The Growth of NYC's Tech Scene and Trends in New Commerce Models
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The document summarizes the growth of the New York tech scene from 2005 to the present. Key points include: 1) Access to capital for startups has increased as anchor tech companies like Google and Facebook have raised hundreds of millions and stayed in NYC. 2) Development has been aided by cloud services like AWS and APIs from companies like Twilio and Stripe. 3) NYC is well-suited for end-user application startups because of its large consumer base. 4) Public initiatives like the NY Tech Campus have supported growth. Emerging areas include jobs platforms, adtech, education, and publishing platforms. 5) E-commerce startups focused on areas like flash sales
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The Growth of NYC's Tech Scene and Trends in New Commerce Models
- 1. The NY Tech Scene by Ilan Abehassera (@ilan) Founder and CEO, Producteev.com Copyright 2012
- 2. Who am I? 1980 2004 2005 2006 2007 2008 Present producteev Copyright 2012
- 3. 5 5 Reasons the NYC Startup Scene Changed Copyright 2012
- 4. 1. Access to Capital 3y ago it wasn’t possible to raise a series A in NYC Copyright 2012
- 5. 2. Anchor Companies Those companies have raised hundreds of millions, and stayed in NYC Copyright 2012
- 6. 3. Increased ease of Development AWS Ruby Twilio Stripe Tumblr and Instapaper : small product team Copyright 2012
- 7. 4. Focus on end-user applications NYC is a city of actual consumers Twitter’s most active city : NYC Copyright 2012
- 8. 5. Public initiatives NY Tech Campus Mayor Bloomberg sees the Internet space as NYC’s next big industry Copyright 2012
- 9. Trends in NY Tech Copyright 2012
- 10. New commerce models The big guys Copyright 2012
- 11. New commerce models Subscription based e-commerce Birchbox Barkbox Copyright 2012
- 12. New commerce models E-Commerce curation TheFancy.com Copyright 2012
- 13. New commerce models Flash Sales Copyright 2012
- 14. Jobs 2.0 Copyright 2012
- 15. Adtech Copyright 2012
- 16. Getting people off the web Copyright 2012
- 17. Education Copyright 2012
- 18. Publishing 2.0 Copyright 2012
- 19. Email Copyright 2012
- 20. Creative Copyright 2012
- 21. The Fab.com Success Story Copyright 2012
- 22. Design Oriented E- Commerce Started by Jason Goldberg, former CEO of SocialMedian, acquired by Xing Started as a social network for`gay people (mother of all pivots) Design focused flash sales Optimizing all acquisition channels : social, mobile ... Copyright 2012
- 23. Unbelievable metrics Launched 9 months ago 1M products sold to date 3M members Acquired german clone : Casacanda 40% of its traffic : mobile logins 50% of its traffic coming from Facebook : Social Commerce at its best Copyright 2012
- 24. Typical NY Success Creative Fashion Design E-Commerce Copyright 2012
- 25. Thanks! ia@producteev.com Twitter : @ilan producteev.com Credits go to Fred Wilson, Elad Gil for their articles on the NY Tech Scene in the past years Copyright 2012