Here are the top cities by amount of VC dollars: SF, Boston, NYC, San Diego, LA, Seatle, Austin, D.C.
So yeah, SF is way in the lead. However NYC is currently #3, and I'd bet money NYC we will be crushing Boston in 3 years. Wall Street desperately wants to play, and the barriers of trust are slowly breaking down.
Condo buildings were going up like crazy for a while. Liquidity crisis slowed it down some, but now its back.
Areas like Dumbo, Williamsburg, Park Slope, Cobble Hill are now more expensive the trendier parts of Manhattan. Brooklyn Heights has always been pricey. Its the preferred location for many. 1 bedrooms in new buildings start at $2500/mo and can easily go to $4k plus. Older construction will start at $1600/mo for a 1br. You go a few more stops into brooklyn and prices can drop to $1200-$1400. Most of those neighborhoods are perfectly safe, but they lack restaurants and bars.
There is a pretty clear trend though. Follow the L or the F or the A or the C east and you know which neighborhoods are next in line for gentrification and $2500/mo rents.
Interestingly last I was looking, Alphabet City and the East Village were cheaper then Williamsburg. However it was obvious why. Those neighborhoods are now overrun by toursits and kids from Jersey and Long Island. Its a natural healthy process. Artists and small businesses go where its cheap in the city. It creates a vibrant cool community, that turns trend, then it gets pricey. Its just how how NYC works.
You can call NJ whatever you like, but there is notgetting around the fact that most of it is a foul smelling cess pool. There is no defending Newark, the garbage dumps or the people that live in Hoboken. Its a shame that they insist on running the path train 24hours.
How much is your car insurance? How much is your gasoline? How much is maintenance.?We were comparing the total cost of commuting and getting around.
If you are driving 30minutes, that implies 30-40 mile commute each way, so figure 2gallons a day times $3.50. Probably $200 a mo for gas? Insurance, $100-$300/mo probably. Google told me $100/mo average maintenance cost.
SO, if they get their car for FREE the average American will spend between $400 and $600 a month owning a car. However most people here were arguing for the benefits of having a family outside of a city. That probably means TWO CARS.
$800-$1200/mo is a whole lot of wiggle room when evaluating cost of living in NYC. Keep in mind our salaries are higher here as well.
Yes Toledo. Home of so many innovators. Focal point of culture and the arts.
"How many groceries can you carry on a subway car?" I have no idea. There is a grocery store every other block, and they all deliver for free. As does whole foods and fresh direct
How many 4x8 sheets of plywood? Why do I want plywood? Also home depot delivers. Also this is besides the point, if I ever needed a car there are zipcars all over the place that cost next to nothing.
Sounds to me like you live a life of toil, while everything I want is brought to me whenever I want it. That or I bike or walk to it. Oh thats another bonus, because everyone walks everywhere our women aren't obese diabetic monsters.
Some people have a really limited idea of what the tech community consists of. Everyone forgets about companies like Bloomberg.
Consider this. Do you think that the financial services industry, headquartered in NYC, controlling some $14 TRILLION dollars in assets has been sitting on its ass ignoring technological innovation for the last 15 years? If they have, can you think of a better place or industry to start a new company?
If not, do you think you may have missed it because you were too distracted by the shinny consumer electronics and social networks to notice what the big boys were doing?
The Silicon Valley comparison is absurd. Our tech community is just of a different nature here. Its big though, and growing fast.
That said, the assumption that its focused on social media is just absurd. Most of them are focused on very real immediately marketable solutions to actual problems. Do you think that these are 20 year old kids looking to do the next twitter? This city is the world capital of finance and media. Its a design mecca. Its a city that values convenience and excess and profits. Social media is a toy for children and a fantasy of west coast startups.
What made Silicon Valley successful was a combination of entrepreneurial spirit and access to capital. We have more of both. Our will be very different, but its gonna be huge.
There are no unions in NYC tech startups. Reducing RE taxes is just that. Bloomberg is just trying to encourage as many new companies to form here as possible.
Why is it bad to give them real estate subsidies? Real estate taxes are not the primary revenue generator of city income.
I'm not sure you realize how important it is that NYC diversify its economy. 20% of our tax base comes from wall street. Not simply the corporate taxes, but the salaries and bonuses. When they take a hit, the city can face some very real financial trouble. The goal of these tax breaks are not to attract one or two big companies, but to foster a community of startups by reducing capital requirements.
The best part is that its working. The economy in NYC has been very strong relative to the rest of the country, but recently its felt incredibly vibrant. Much of this is the product of a growing community of test startups.
A 30 day unlimited ride pass costs $112. $112 a month for one's commute is pretty damn cheap. Also, which is better for the environment? Also many companies in NYC can have HR buy your pass for you before taxes. This makes my monthly commute roughly $70 a month. How much does car insurance + car payments + gas cost? Which is cheaper?
Yeah, I pay a lot of money for my apartment. I also save $500-$800/mo by not owning a car.
Metro North runs trains to CT something like every 10 minutes. LI is the same thing. As for NJ, this is by design. Its best to keep Jersey in Jersey.
Most of the people in Westchester and southern CT commute just fine into lower manhattan. During peak hours its about 1hr 15m door to door from Stamford.
Yes but you live in South Carolina. A state that still flies the Confederate flag over the capital. A state where many people are not yet sold on this whole union thing and who reminisce about the good parts of slavery.
I've been to South Carolina. The next time I go back it will hopefully be a re-enactment of Sherman's march.
Not dealing with traffic or a car at all is even nicer.
Lots of people complain about NYC rent and real estate. Sure, its pricey. However keep in mind that we aren't paying car payments or car insurance or maintenance or gas. Nor do we have the stress of commuting to work on highways.
NYC is essentially crime free these days. Yes there are parts that have high crime and 99% of slash dotters would not be able to find there way there. Getting mugged in Manhattan or much of Brooklyn would require extraordinary effort.
As long as they get a warrant from an actual court, then thats fine.
We can't be ludites and tell cops or the FBI not to use technology, that will just result in them regulating technology. What we need to do is force them to follow the damn constitution and get a warrant to use any of these things.
Slashdot Mirror
Here are the top cities by amount of VC dollars:
SF, Boston, NYC, San Diego, LA, Seatle, Austin, D.C.
So yeah, SF is way in the lead. However NYC is currently #3, and I'd bet money NYC we will be crushing Boston in 3 years. Wall Street desperately wants to play, and the barriers of trust are slowly breaking down.
http://www.chicagobusiness.com/article/20130119/ISSUE01/301199985/which-metro-areas-got-the-most-venture-capital-in-2012
That is poorly phrased. There is a large concentration of exceptional talent here, however the demand is even greater.
Its impossible to get the top 1% of talent in Toledo. Many of them are here, but its a cut throat fight to get them.
Condo buildings were going up like crazy for a while. Liquidity crisis slowed it down some, but now its back.
Areas like Dumbo, Williamsburg, Park Slope, Cobble Hill are now more expensive the trendier parts of Manhattan. Brooklyn Heights has always been pricey. Its the preferred location for many. 1 bedrooms in new buildings start at $2500/mo and can easily go to $4k plus. Older construction will start at $1600/mo for a 1br. You go a few more stops into brooklyn and prices can drop to $1200-$1400. Most of those neighborhoods are perfectly safe, but they lack restaurants and bars.
There is a pretty clear trend though. Follow the L or the F or the A or the C east and you know which neighborhoods are next in line for gentrification and $2500/mo rents.
Interestingly last I was looking, Alphabet City and the East Village were cheaper then Williamsburg. However it was obvious why. Those neighborhoods are now overrun by toursits and kids from Jersey and Long Island. Its a natural healthy process. Artists and small businesses go where its cheap in the city. It creates a vibrant cool community, that turns trend, then it gets pricey. Its just how how NYC works.
Harlem is quite nice, and the bronx has it moments.
That said, those are optional. If you live in NJ, you live on the NJT, which means that Elizabeth and and Newark will be a regular sight for you.
Yes I have been to NJ. I was not a fan.
You can call NJ whatever you like, but there is notgetting around the fact that most of it is a foul smelling cess pool. There is no defending Newark, the garbage dumps or the people that live in Hoboken. Its a shame that they insist on running the path train 24hours.
The car might cost $5000.
How much is your car insurance? How much is your gasoline? How much is maintenance.?We were comparing the total cost of commuting and getting around.
If you are driving 30minutes, that implies 30-40 mile commute each way, so figure 2gallons a day times $3.50. Probably $200 a mo for gas?
Insurance, $100-$300/mo probably.
Google told me $100/mo average maintenance cost.
SO, if they get their car for FREE the average American will spend between $400 and $600 a month owning a car. However most people here were arguing for the benefits of having a family outside of a city. That probably means TWO CARS.
$800-$1200/mo is a whole lot of wiggle room when evaluating cost of living in NYC. Keep in mind our salaries are higher here as well.
Subway works great for much of queens. There are 4 or 5 lines out there plus the LIR.
Yes Toledo. Home of so many innovators. Focal point of culture and the arts.
"How many groceries can you carry on a subway car?"
I have no idea. There is a grocery store every other block, and they all deliver for free. As does whole foods and fresh direct
How many 4x8 sheets of plywood?
Why do I want plywood? Also home depot delivers. Also this is besides the point, if I ever needed a car there are zipcars all over the place that cost next to nothing.
Sounds to me like you live a life of toil, while everything I want is brought to me whenever I want it. That or I bike or walk to it. Oh thats another bonus, because everyone walks everywhere our women aren't obese diabetic monsters.
Haven't much if any trouble on it in the last year. Sandy excluded.
Some people have a really limited idea of what the tech community consists of. Everyone forgets about companies like Bloomberg.
Consider this. Do you think that the financial services industry, headquartered in NYC, controlling some $14 TRILLION dollars in assets has been sitting on its ass ignoring technological innovation for the last 15 years? If they have, can you think of a better place or industry to start a new company?
If not, do you think you may have missed it because you were too distracted by the shinny consumer electronics and social networks to notice what the big boys were doing?
I KNOW!!! All these big successful businesses and wealthy entrepreneurs are just fools, suckered in by the hype.
The smart money is in bumfuck USA.
The Silicon Valley comparison is absurd. Our tech community is just of a different nature here. Its big though, and growing fast.
That said, the assumption that its focused on social media is just absurd. Most of them are focused on very real immediately marketable solutions to actual problems. Do you think that these are 20 year old kids looking to do the next twitter? This city is the world capital of finance and media. Its a design mecca. Its a city that values convenience and excess and profits. Social media is a toy for children and a fantasy of west coast startups.
What made Silicon Valley successful was a combination of entrepreneurial spirit and access to capital. We have more of both. Our will be very different, but its gonna be huge.
No thanks?
Bloomberg is the best mayor in the history of NYC.
Not a fan of his soda stchick, but the man has done so many great things it was tolerable.
There are no unions in NYC tech startups. Reducing RE taxes is just that. Bloomberg is just trying to encourage as many new companies to form here as possible.
Its had a tremendous effect across the city.
Why is it bad to give them real estate subsidies? Real estate taxes are not the primary revenue generator of city income.
I'm not sure you realize how important it is that NYC diversify its economy. 20% of our tax base comes from wall street. Not simply the corporate taxes, but the salaries and bonuses. When they take a hit, the city can face some very real financial trouble. The goal of these tax breaks are not to attract one or two big companies, but to foster a community of startups by reducing capital requirements.
The best part is that its working. The economy in NYC has been very strong relative to the rest of the country, but recently its felt incredibly vibrant. Much of this is the product of a growing community of test startups.
A 30 day unlimited ride pass costs $112. $112 a month for one's commute is pretty damn cheap. Also, which is better for the environment? Also many companies in NYC can have HR buy your pass for you before taxes. This makes my monthly commute roughly $70 a month. How much does car insurance + car payments + gas cost? Which is cheaper?
Yeah, I pay a lot of money for my apartment. I also save $500-$800/mo by not owning a car.
Metro North runs trains to CT something like every 10 minutes. LI is the same thing. As for NJ, this is by design. Its best to keep Jersey in Jersey.
Most of the people in Westchester and southern CT commute just fine into lower manhattan. During peak hours its about 1hr 15m door to door from Stamford.
Yes but you live in South Carolina. A state that still flies the Confederate flag over the capital. A state where many people are not yet sold on this whole union thing and who reminisce about the good parts of slavery.
I've been to South Carolina. The next time I go back it will hopefully be a re-enactment of Sherman's march.
So wait, you actually believe that the majority of startups in NYC are social media related? Is this supposed to be an intelligent comment?
Not dealing with traffic or a car at all is even nicer.
Lots of people complain about NYC rent and real estate. Sure, its pricey. However keep in mind that we aren't paying car payments or car insurance or maintenance or gas. Nor do we have the stress of commuting to work on highways.
NYC is essentially crime free these days. Yes there are parts that have high crime and 99% of slash dotters would not be able to find there way there. Getting mugged in Manhattan or much of Brooklyn would require extraordinary effort.
Williamsburg is much more expensive then SOHO now.
Even better you don't need to take the F or A. 5 minutes to USQ.
Its gotten much better and is clearly next on the gentrification list. Its completely safe now but could use some better restaurants.
Yep. Its really great.
Love the west coast too, but I hate being in cars.
Of course then can calculate it. You think companies are unable to translate customer sentiment or surveys into sales numbers? The do it all the time.
They obviously did just that, as evidenced by the fact that they changed the product in response to customer sentiment.
As long as they get a warrant from an actual court, then thats fine.
We can't be ludites and tell cops or the FBI not to use technology, that will just result in them regulating technology. What we need to do is force them to follow the damn constitution and get a warrant to use any of these things.