The Truth About VC Investing in New York


Recently, three of the leading venture capitalists in New York gathered for a New York Technology Council event to give their insights and advice on the VC community. Hosted by PricewaterhouseCooper (PwC), the evening began with a brief presentation of the MoneyTree Report, given by PWC’s Senior Manager Charles Anderson. The report detailed important investor trends for the first quarter of 2013, including funding by geographic region, most active investors, and early-stage versus late-stage investments. This set the stage for a few of New York’s own active investors to explain why they believe such trends are occurring.

David Silverman, partner at PwC, led the lively discussion between Amish Jani (founder and managing director of FirstMark Capital), Brian Hirsch (managing partner of Tribeca Venture Partners) and Brad Burnham (partner at Union Square Ventures). The venture capitalists touched on a variety of subjects, including New York as a unique investment environment, angel investing and exit markets. Burnham mentions the “urbanization of innovation” to explain why New York is an ideal environment for young entrepreneurs looking to break out of the traditional cubicle and do something exciting and disruptive. Hirsch argues that New York needs a few big companies like Google and Facebook to keep the market healthy, while Jani adds that he believes New York is a few years away from seeing those companies rise up. Silverman also probes the three investors for an answer to what the hottest, innovative sectors are going to be in the years to come.

The last part of the session is audience Q&A and the panel addresses several important issues facing entrepreneurs, such as tips for keeping your disruptive startup company relevant as it grows, the qualities investors are looking for in the entrepreneurs, and the products they invest in. Regardless of what stage your startup is in, hearing about market trends as well as tips and advice from these great minds gives one an invaluable advantage.

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About the author: Lisa Seylar

Lisa Seylar is a recent graduate of St. Mary’s College of Maryland with a Bachelor’s degree in English. She is passionate about writing and editing, and she is excited to be currently interning with AlleyWatch to jumpstart her career in copyediting.

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