The New York Venture Capital Scene

Found via Mark Davis, Ty McMahan at the WSJ has a look at the NY venture capital scene. Ty begins by noting that, "a total of 67 New York-based start-ups received funding in the first half of this year – the highest amount since 2001 – and investment jumped to $828 million from $480 million in the first half of 2007". He says this is down from $4.24 billion invested in 2000.

The article looks at DoubleClick, Facebook, Clickable, DFJ Gotham and a variety of other companies either based in NYC or with a heavy presence here. It’s well worth a read.

One of the biggest things holding back NYC from shining is the fact that so many products and services are developed in the dark. When I ask people at events who raise their hands saying they are working on a startup, no one wants to talk. I go to the west coast and they can’t stop talking about what they are working on. My hope is that our city starts to open up so myself and the other writers here can show off the great work that happens here. I want to write about more NYC-area companies!