Disruption Guide NYC Tech Scene 2020

# Foreword

Over the last few years, New York City became one of the most important places on the world's technology map. The success of startups like DailyPay or Unquork prove that its open ecosystem attracts innovation, helping it grow and win new markets. We’ve built the NYC Tech Scene Disruption Guide to help you start your business adventure in New York and develop a revolutionary digital product that will change the world.

— Wiktor Schmidt, Executive Chairman at Netguru

If you’re a tech entrepreneur, New York City is the place to be. Dynamic and vibrant, the last decade has seen NYC become one of the most important tech hubs in the world. With its unrivaled energy and spirit of innovation, the city offers tech startups and their founders unlimited opportunities.

Startups breaking into NYC’s tech universe can tap into an incredible ecosystem – from the multitude of coworking spaces where bright minds come together and create, to the powerful connectors that make things happen, New York offers founders a multitude of advantages.

Over the past year, a host of companies committed their resources to New York. The addition of two thousand new startups took the city’s total to 9,000. Facebook doubled its headcount, Google announced 7,000 new jobs, and Yext unveiled plans to expand its HQ over the next five years.

Figures produced by Tech:NYC show that the tech sector in New York represents 333,000 jobs, of which 161,000 are high-tech jobs. In addition, the NYC metro region received more than $13 billion in funding in 2018. As of September 2019, the city’s venture capital activity had exceeded $15.63 billion.

The city’s local government is highly engaged in supporting the tech economy. In 2019, the government and its partners made significant investments in projects ranging from Blockchain and cybersecurity, to tech workforce development and supporting diversity.

The city is also widely regarded as a great place for female entrepreneurs. According to the city’s deputy mayor for housing and economic development, Alicia Glen, no other city in the world has more female-founded firms, with women making up a quarter of NYC’s tech founders.

New York’s success as a tech hub centers around a symbiotic system of companies both large and small, plus an elite network of investors, connectors, and startup accelerators.

If you’re founding a startup, you’ll likely be interested in super connectors – a powerful group of influencers who make things happen. Arianna Huffington and Seth Pinsky are among the most well-known and well-connected in New York.

And then there are the investors, without whom many of the world’s biggest companies would not be where they are today. The legends in the industry include people like Fred Wilson, who was instrumental in the success of Etsy, Twitter, Coinbase, and Soundcloud.

In this guide, we’ll take you through everything you need to know about the NYC tech scene, including the top startups, founders, investors, coworking spaces, meetups, and much more. So grab a coffee, the city is waiting.