New York

“It's gonna take several, you know, maybe even decades for it to catch up to Silicon Valley just because the West Coast has really been a breeding ground for innovative tech companies for a while now.”

“I would argue that if you were in, in entertainment, you might want to consider LA. If you were in, in the life sciences, you might want to consider Boston. If you are in, in media and ad tech or something or other, you might want to consider New York for that…”

“One of the big differences between the financial mindset of New York is and in the Bay Area, New York starts off with, well, you know, this is as big as you possibly can get, and this is what's rational for, you know, what could happen in the Bay Area is still…”

“I think Boston is still great at a number of areas, but I think New York has really become, by a significant margin, the most exciting startup hub on the East Coast.”

“Having vested in guilt when it was just three people, I can promise you could not have built that company to the same degree of success in the West Coast, because, you know, all of the fashion brands are in New York, all of the great merchandising talent, desi…”

“Every new hire in the New York office is onboarded for one or two weeks in the Stockholm office, so that they can really kind of, like, understand our culture, our history, our vision, what the company is based upon.”

“I think that what we've seen in terms of seed and pre-seed and even Series A in New York is is much more much more practical valuations. I mean, I don't think it's super crazy here, here in New York. Certainly out in the valley, I think you're seeing I think y…”

“New York, we believe, has now shown that it consistently can produce billion plus dollar exits, and so that's companies like Etsy and Mongo and Tumblr and a bunch of others, you know, a bunch of e-commerce companies as well.”

“New York in an entire financial quarter raises as much money as London does in a year.”

“Well, it's not. I mean, if you think about a 10 or fifteen million dollar fund that's putting out three to 400,000 dollars in fees, especially in certain markets, the Bay Area and New York, it's impossible to live.”

“And then there's, there are many more female founders in New York.”

“David is a partner at FF Venture Capital and is also founder and chairman of Harvard Business School Alumni Angels of Greater New York, the largest angel group in New York.”

“So about 70% of our companies are in in New York itself.”

“New York really focuses on building sustainable businesses. Silicon Valley and San Francisco is a dollar in a dream mentality.”

“How London's sort of kind of catching up at New York, but it's still a ways away from where Silicon Valley is”

“Fred Wilson, I think, and you know, he's the icon in New York.”

“If you look at kind of our investments last year, about half were in San Francisco, about a quarter were in New York and about a quarter were We're elsewhere.”

“I think it's gotten to the point where it's clearly the second biggest market.”

“Spotify had just launched in the U.S., and the team in New York was still very small. It was about 30 people.”

“I am very long New York. I am never moving out to the valley. And if I'm doing anything in the future, it's going to be in Manhattan.”

“And the ecosystem in Nairobi felt even more developed than that. And also moving even more quickly.”

“We do fiber optic cable come directly from the undersea cables off the coast of Africa to our campus through a Partner, main one. Yes, it's more expensive. It took more time, but we have a better net connection in Lagos than we do in New York”

“In most of these cities, it's well above 50%. In New York, it's between 55 and 60. In San Francisco, it's between 60 and 65.”

“Three quarters of a million households in New York alone are shared apartments, roommates of some sort.”

“I would absolutely agree. So, you know, if you rewind to my story about raising my series seed, it was not easy. It's really hard to find people at such an early stage that will invest in a concept or an idea.”

“If you look at the number of big companies, New York is well ahead of any other place except for the San Francisco Bay Area”

“With Opendoor, this is really a middle America play. This is not a play that necessarily resonates in markets where there's a lot of liquidity in residential real estate like San Francisco, Bay Area, and New York, where there also are a lot of VCs.”

“We invest primarily in New York with 30 out of 35 of our current investments actually based here, and we definitely see more favorable pricing here in New York.”

“We invest primarily in New York and the size of seed round in New York has grown from a million in 2014 to two to two and a half million in 2018.”

“In the United States last year, according to the NVCA that tracks us, 75% of venture capital went to three states. You know, California, New York, and Massachusetts, 50%. Half of America's venture capital went to one state. California.”

“New York was not a venture leader. It's quickly become second biggest venture market in the world.”

“I think one thing that we did a really good job of early on, and it was a strategic decision, but it was building a hub and spoke type model where we knew we were going to be a global company from day one because we were born Right. Started in Romania and expa…”

“It's the largest ever female-led VC firm in New York.”

“Well, in New York, you're competing with so many other things. Like, you're competing for talent, you're competing for space, at least you're used to, you know, for office space. You're competing for attention with a million other things. That's also what make…”

“We start with three cities. Those are going to be New York, Chicago, and Boston. Before the end of the year, we'll be operational in all three, and then we'll take it from there.”

“They care about money. So if you have strong enough metrics, they find a way to get over themselves, no matter where you're from. And that's all. And that's why I tell my founders, like, Hey, there may be biases against you. People may say, if you don't live c…”

“Going into New York and trying to get it built, trying to get it open, you know, that, that really nearly took us down.”

“We own 70% of the instant needs market in New York right now.”

“You know, Uber did this well, for instance, by showing, you know, yeah, hey, we're bleeding money left and right. But if you look at our oldest cities, these dense cities like New York, you know, the unit economics are actually fantastic.”

“There's an exodus from New York to SF that's happening. And from, I'm not saying Miami, but from other places where, where people went and it's around AI because the zeitgeist is here.”

“There's a lot of adverse selection. There's some founders who Might or might not be great who play really well in New York and in San Francisco. And so if you wait for them to come to you, that's all you'll think Latin America is.”

“Because if I was single, living in New York, suddenly a lot of money, suddenly a lot of time, and I'm feeling kind of rudderless and anxious, that would definitely would have been an optimal moment to go down the wrong path, wrong addictions.”

“New York is killing it and will be the number one company clearly 15 years.”

“The monetary answer is Mongo by far, you know, Mongo's worth twenty five billion dollars. There's only two companies started in the last 30 years in New York that are worth twenty five billion dollars.”

“New York has grown faster than any other city.”

“25% of series A's in New York are related to healthcare. That's a really different mix than San Francisco.”

“Like I've, in our journey, I've seen that it's easier to move people from the Valley to London than from the Valley to New York”

“I really don't think adding QSBS to New York is going to lead to the exodus that the people wanted to do. We can talk about why, but they did it in California and that alone didn't work.”

“The other thing is, this is true in general of hiring in the Bay Area, the loyalty is a lot less high than you would get from hiring in Europe. Because in Europe, people really value a good company and a good job, and it's just not the same thing in New York o…”

“That's why I think New York is not a good place to have a company at all. The people that, that move their companies to New York do so because they want to date. And they're, you know, that's the only reason, really real reason why they do.”