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The 10 NYC Zip Codes Getting the Most VC Investment

The 10 NYC Zip Codes Getting the Most VC Investment

 

Location, location, location. Maybe it’s time to move your startups to one of these NYC zip codes that seem to be funding hot spots…

 

zip code vc nyc venture capital

Richard Florida over at The Atlantic – Cities recently published an article on “How East Coast Tech Startups Became a Downtown Phenomenon,” where they took a look at the concentration of startups in major cities across the east coast.  The New York data compiled from a recent New Tech City report revealed some interesting insights into where the VC dollars have flowed between 2007-2011.

Here is a list of the zip codes that received the most amount of venture capital investment, ranked in millions:

1.      10016
Murray Hill weighs in at the top of the list with $357 million in VC funding. Yes Murray Hill has more than bars, restaurants, young Wall Street types and recently graduated Long Islanders.

2.      10010
Just south of Murray Hill, both literally and figuratively, Gramercy Park secured the second highest total, with $257 million. Is there something in the water in that part of town?

3.      10012
10012 encompasses SoHo, Nolita, NYU and comes in with a total of $251 million.  One of the hottest parts of the city, I fully expect this area to move up a few spots in the next report, thanks to companies like ZocDoc and Foursquare.

4.      10003
Gramercy Park, Union Square, NYU, and NoHo totaled $217 million.

5.      10018
Bryant Park, the Garment District, and Hell’s Kitchen weighs in at $210 million.

6.      10011
Chelsea and parts of the West Village have experienced a boom over the last few years and I also expect this area to move up in the rankings. The 10011 came in at $161 million.

7.      10013
Tribeca and Chinatown attracted a cool $145 million in capital.

8.      10001
10001 land, encompassing Chelsea, K-Town, Penn Station, and the heart of midtown, comes in at $136 million.

9.      08807
So, this one isn’t in New York but rather in Bridgewater, New Jersey, and is included in the list, having garnered $121 million in investment. Bridgewater, NJ? Who would have thought?

10.    10014
Rounding out the list is another West Village zip code, with a healthy $79.9 million in funding. Fab’s recent mega round(s) will ensure that this zip code soars in the next ranking.

While past performance is not an indicator of future results, it may be something to think about as you assess the location of your next office space, perhaps in one of the fine co-working spaces the city has to offer. I would strongly suggest that you keep your focus on building a fundable business in any of these fine locales – as long as it’s below 57th Street!

About the author: Reza Chowdhury

Recognized as a global thought leader in the startup ecosystem, Reza Chowdhury offers more than 15 years experience in emerging technology, which he brings to AlleyWatch as CEO and Founder. Through the course of his career, Reza has had the privilege of working to drive businesses from conception to eventual exit by deploying the acumen gained in his previous roles. His latest professional endeavors have allowed him to work very closely with thriving global technology and startup ecosystem.

Reza is also the founder of New York Startup Lab, which brings technology and knowledge based solutions to the entrepreneurial community with a specific focus on early stage companies. He began his career as securities trader on Wall Street.

Reza is often a featured international speaker, moderator, and judge at numerous events on technology and global entrepreneurship and was a featured presenter at the first Facebook Developer Garage in NYC. Both Reza and the companies he has been involved with have received accolades and recognition from prominent organizations including the fbFund. Reza was has been recognized as one of the 100 most influential people in NYC Tech by TechWeek on several occasions and is a NYC Venture Fellow, a world-class, year-long fellowship program designed to help high-potential entrepreneurs scale their ventures.

Reza is also an advisor to SD Asia and Dublin Globe, two organizations that are fostering the growth of local entrepreneurial ecosystems as well as an Mentor to the Grameenphone Accelerator.

Reza holds an MBA in Finance and Entrepreneurship from Georgetown University and completed his bachelors in Economics at the University at Albany. Reza has also completed certification programs in Private Equity and Venture Capital at Oxford University as well as International Business at New York University.

If you are interested in having Reza Chowdhury speak or moderate at one of your events, please send an email with the details of your event. If you contact us at this email for any reason other than what’s stated above, your correspondence will invariably be deleted.

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