In New York And LA, New Startup Communities Flourish
Summary
For Los Angeles this is entertainment, gaming, production and video and for New York finance, advertising, health, media, amongst others. Beyond the traditional industries that are native to both cities, both LA and New York have unique geographic features that offer a different perspective for would-be entrepreneurs. The density of the population in New York allows it to be the home to social/location-based companies like Foursquare and PlaceIQ as well as building/space startups such as WeWork, BoxBee, and MakeSpace. This has a created a thriving ecosystem for social startups like SnapChat and Whisper in Los Angeles and Tumblr in New York, but also new commerce models and an increased affinity for progressive lifestyle products. What’s most exciting to me about New York and Los Angeles is that both cities were mostly absent in the first and second waves of technology being built (this was mostly in Silicon Valley and Boston.
Classifications
AskAI Classifications
LabelsLinked Companies
