Is It Now Better To Start A Tech Company In NYC Than San Francisco? - PSFK
Is New York City the new Silicon Valley? This the question Roger Wu, a startup co-founder, is proposing in his recent article on Quartz. Although reports do show that successful startups in the Valley are valued nearly 40 times more than those based in New York. However, a closer at other factors such as turnover of revenue and risk.
Wu draws from sources like the New Tech City report, and Statistic Brain, that Silicon Valley has a “larger number of more risky” companies, whereas the “overall composition of New York companies is less risky.” According to the Startup Genome Report: