While Silicon Valley historically commanded over half of all US venture capital, New York City quietly captured 18% of total domestic startup investment last year, securing its position as an unavoidable gravity well for tech capital. This shift represents a structural realignment of where enterprise software and financial technology companies choose to scale. The upcoming return of StrictlyVC to Manhattan on September 10 serves as a marker for this geographic redistribution of wealth and talent.
Startups
East Coast Gravity: Why Venture Capital is Consolidating in New York City
While Silicon Valley saw funding contractions, New York captured 18% of US venture capital. StrictlyVC’s September return highlights a massive geographical shift in startup wealth.
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