If New York City wants to be the top spot for startups, it isn’t just Silicon Valley that it needs to beat. In a report released Tuesday on the world’s most active startup ecosystems, Startup Genome ranked New York fifth — behind Silicon Valley, Tel Aviv, Los Angeles and Seattle. Startup Genome, which began as an academic research project, provides tools for startups and investors to benchmark progress.
It’s hardly a shocker that longtime tech hub Silicon Valley took the No. 1 spot. But, over the past couple of years, New York has become more of a magnet for entrepreneurs and it’s surprising to see the city lag behind not just one location, but four. As my colleague Ryan Kim reported earlier this year, East Coast industries, like media and advertising, as well as the rise of local angel investors and venture capital firms, have made the city more of a draw for entrepreneurs.
To read the full, original article click on this link: NYC lags Silicon Valley and other cities to rank 5th on list of top startup ecosystems — Tech News and Analysis
