Manhattan edges out San Francisco in new early-stage startups for the first time
crainsnewyork.com
crainsnewyork.com
Data like this makes me suspicious of the increasingly loud threads about "10 reasons why if you're not building in SF, you're not building!"
Capital invested still wildly favors the Bay Area, but that could be a lagging indicator.
The safe route is to invest based on brand name (aka previous success): Bay Area, ex-FAANG, Stanford education, etc. But by definition, you are trying to bet on current and future trends using previous data.
NYC on the other hand has a giant river going through it (two technically), no wildfires, no tsunamis, and plenty of real estate, commercial and residential, compared to CA.
Of the 796 US cities with 50k+ population, San Francisco ranks 796/796 in population growth % over the last 2 years (-7.5%) while NYC ranks 793/796 (-5.3%).
https://www.census.gov/data/tables/time-series/demo/popest/2...
The Bay offers great nature, climate and slightly lower cost of living, but just about everything else is more interesting in NYC/Brooklyn.
The Catskills are quite scenic, but I admit they don’t hold a flame to Yosemite, et. Al.
I mean, I like New York but this is ridiculous.
> Carta’s figures are broken down by county, not region, and in total, the four Bay Area counties on its list still beat out the two included in New York, Kings and New York counties. Kings, or Brooklyn, had 101 companies that raised series A or seed rounds in the period.
> Overall funding in the San Francisco area is still more than twice the amount that is deployed in New York City, and both cities have seen extreme funding dips since 2021. The start-ups that raised seed or series A in San Francisco raised $4.3 billion in total in the year in question, while the 543 Manhattan startups raised only $3.6 billion, Carta found.
TBF if SF is 2X Manhattan+Brooklyn that is quite a fall, but I haven’t seen it in the Q1 numbers.