If you care about entrepreneurship and technology, it may be time to put Silicon Valley on the back burner. Recent trends suggest that New York is catching up on its west-coast rival, with a horde of start-ups blossoming and bringing a rich entrepreneurial culture along with them. California may have Google and Apple — but NYC has Tumblr, Foursquare, and a whole lot of creative energy.
The New York Forum is lucky to have Dennis Crowley, one of Foursquare’s co-founders, speaking at our conference later this month. Foursquare is a clever innovation that lets users “check in” on their smart phones as they traverse the city (or country, or world), showing friends the restaurants and services that they like. Launched as recently as March 2009, it has almost ten million users, who have collectively checked in more than 600 million times. Foursquare has raised $20 million to date, and rumors suggest a new funding round could value the company at $500 million, according to the Financial Times (Crowley declined to comment on those reports).
To read the full, original article click on this link: New York: the new center for start-ups? « The New York Forum Blog
