Assertion Contradicted AI assessment confidence: 88% certainty 3/5 debate potential 3/5

O'Shea: NYC Surpassed SF in New Founders Starting Companies Last Quarter

Molly O'Shea · Founder of Fundera (Nerdwallet) & GroupMe (Skype/Microsoft) Path to VC | Jared Hecht, USV · Sourcery with Molly O'Shea · Apr 26, 2024 · at 47:33

Sourcery host Molly O'Shea cites a recent data report comparing founder formation rates between New York City and San Francisco.

0:00 / 0:14exact quote · 14.0s

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“Someone sent me a data report like a day or two ago that New York finally surpassed San Francisco in the number of new founders that have just started companies in the last quarter.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

In Q1 2024, New York City surpassed San Francisco in the number of new founders starting companies.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Data reports tracking startup formations and early-stage deal activity for Q1 2024 do not support the claim that New York City surpassed San Francisco. According to Carta's Q1 2024 reports ('State of Pre-Seed' and 'State of Private Markets'), California and the San Francisco Bay Area led all U.S. metropolitan regions in both early-stage rounds and new company formations on the platform, capturing 59.25% of venture capital raised compared to New York's 10.31%. Similarly, the Q1 2024 PitchBook-NVCA Venture Monitor and Crunchbase data showed the San Francisco Bay Area maintaining a substantial lead over the New York metropolitan area in overall deal counts, seed-stage deals, and new startup formations during the quarter.

Carta's 'State of Private Markets: Q1 2024' (May 2024) reported California capturing 59.25% of venture capital raised on Carta versus 10.31% for New York.
Carta's 'State of Pre-Seed: Q1 2024' (April 2024) confirmed early-stage SAFE and convertible note deal volume remained concentrated in the San Francisco Bay Area ahead of New York.
The Q1 2024 PitchBook-NVCA Venture Monitor found the San Francisco Bay Area led all U.S. metropolitan regions by a wide margin across both total venture deal counts and early-stage/seed deal activity.

Checked against

[1] carta.com [2] carta.com [3] carta.com [4] carta.com [5] medium.com [6] businessinsider.com [7] foundershield.com [8] foundershield.com

"New York" surpassed "San Francisco" founders OR startups Q1 2024 "Carta" "incorporations" OR "incorporation" "New York" "San Francisco" 2024 Carta Q1 2024 state of private markets New York San Francisco founders Carta geographic startup incorporation Q1 2024 New York San Francisco "PitchBook" "Q1 2024" "San Francisco" "New York" deals OR startups OR companies Q1 2024 startup formation New York vs San Francisco "PitchBook" "Q1 2024" "venture monitor" "regional" "San Francisco" "New York"

assessed as of 2026-09-05

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

New York San Francisco

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