The last three interns that I have hired are now working full-time at well known firms, specifically SV Angel, Andreessen Horowitz and LivePerson.

The ideal candidate who have this background:

• Undergraduate student, either a current Junior or Senior, preferably a student with a business major
• Student MUST be passionate about entrepreneurship/startup community
• Student MUST be somewhat active in social media, Twitter/Tumblr/Blogging
• Preferably a student from either NYU or Columbia
• MUST be able to work at least 10 hours a week while in school, up to 40 hours per week during the summer
• Previous work experience is a MUST
• Start date is ASAP

Role:

• Working with me and the early stage startup team at the Silicon Valley Bank NYC office
• Attend various startup events
• Work on various projects, typically ones that focus on VC funding data/trends
• Update CRM system with client data
• Full-time during the Summer, at least 10 hours/week while in school
• Assuming there is an interest by both parties, the internship can lead to a full-time position upon graduation

If interested:

Please find a mutual connection and get an introduction, leverage LinkedIn, Twitter, etc.  With the introduction, please attach a resume AND a cover letter.

• Startups based in NYC
• First round of financing must have been between January 2010 and April 2012
• Round size between $250K and $1.5M

The research yielded interesting results. The most active investors over the time period were SV Angel and Lerer Ventures, each with a total of 17 investments.  The other most active firms were RRE Ventures and Founder Collective with 15 while First Round Capital had 14.

The most active investment syndicate was SV Angel & Lerer Ventures with 9 co-investments. This is not a surprise as it was mentioned in May 2011, that the two firms would work together closely. Next was SV Angel & Founder Collective with a total of 7 co-investments followed by Lerer Ventures & Thrive Capital with 5.

When you see firms syndicating frequently, it could suggest that the firms know each other well and/or have similar investment themes; As an entrepreneur raising a seed round, knowing this information can be very helpful.

The two diagrams below help to illustrate the findings. The first is a venn diagram attempting to show some of the major investment connections while the second diagram gives a more complete view of the connections between the different firms. In each diagram, the total number of investments made by that firm is in parentheses next to their names.

All of data used for the diagrams below were from sources available to the public. The vast majority of the data was sourced from CB Insights (a NYC startup).  Some of the rounds of financing are not disclosed or file State documents, so these diagrams don’t represent 100% of all financings using the criteria mentioned above.

Thank you to our Intern, Jacob Laufer, for compiling the data and putting together the diagrams.

• Michael Barrett, CEO, AdMeld (acquired by Google)
• Walt Doyle, GM, Where, a PayPal Service (acquired by PayPal)
• Rick Fulop, Partner, North Bridge Venture Partners; Founder, A123 Systems (NASDAQ: AONE)
• Jared Hecht, Co-Founder GroupMe (acquired by Skype)
• Eric Hippeau, Partner, Lerer Ventures (former CEO of the Huffington Post, acquired by AOL)
• Steve Papa, CEO, Endeca (acquired by Oracle)
• Antonio Rodriguez, General Partner, Matrix Partners (Founder and CEO of Tabblo, acquired by HP)
• Micah Rosenbloom, Chairman & CEO, Sample6 Technologies & Founder Partner, Founder Collective (Co-Founder Brontes Technologies, acquired by 3M)
• Laurel Touby, Founder, Mediabistro.com (acquired by Jupiter Media)

]]> http://shaigoldman.com/2012/04/10/instagram-vs-box/feed/ 1 Shai Picture2 http://shaigoldman.com/2012/03/18/top-nyc-startups-2/ http://shaigoldman.com/2012/03/18/top-nyc-startups-2/#comments Mon, 19 Mar 2012 00:34:22 +0000 goldfinger80 http://shaigoldman.com/?p=493 Continue reading →]]> When I ask people about the NYC startup scene, most people can only rattle off a short list of startups, typically it’s Foursquare, Tumblr, Etsy, Gilt Groupe and Kickstarter.  Those are all great companies but there are at least 60 additional startups in NYC that I think will have a substantial exit (in the next few years) and you should be aware of them.

1. 1010data
2. 10gen
3. 2tor
4. Appnexus
5. Blip.tv
6. Birchbox
7. Bit.ly
8. Bonobos
9. Boxee
10. Buddy Media
11. Buzzfeed
12. Chloe & Isabel
13. Collective Media
14. Comixology
15. DoubleVerify
16. Enterproid
17. Etsy
18. Everyday Health
19. Fab.com
20. Foursquare
21. Gerson Lehrman Group (GLG)
22. Gilt Groupe
23. HowAboutWe
24. ideeli
25. Indeed
26. Intent Media
27. Kaltura
28. Kickstarter
29. Knewton
30. Learnvest
31. Lot18
32. Major League Gaming
33. Makerbot
34. Medialets
35. MediaMath
36. Media6Degrees
37. Meetup
38. MOAT
39. Moda Operandi
40. Newscred
41. Offerpop
42. OMGPOP (update – acquired for $180M by Zynga on 3/21/12)
43. On Deck Capital
44. OpenSky
45. Outbrain
46. Quirky
47. Rent The Runway
48. Return Path
49. SailThru
50. SecondMarket
51. Shapeways
52. Stack Exchange (aka Stackoverflow)
53. SumAll
54. Tapad
55. TheLadders
56. Thrillist
57. Tremor Video
58. Tumblr
59. Undertone Networks
60. Unified
61. Vibrant Media
62. Warby Parker
63. Yext
64. Yodle
65. Zocdoc

There are ~600 NYC startups that have raised VC funding in last two years (per CBInsights).  I wanted to keep the list closer to 50 but as you can see it is beyond 60 at this point.  If there are any obvious breakout startups that I missed, please let me know.

NYC hasn’t had a large IPO ($1B+ valuation and/or raised $100M+ at IPO) in the last 10 years, yes, isn’t that shocking?!  Assuming the stock market stays steady, I can see at least 10 of these startups mentioned above going IPO in the next few years.

Disclosure: This list of companies was put together based on insights gathered during conversations with VCs and other players who are an active part of the NYC startup scene.  In addition, I used the following sites for research: LinkedIn, CBInsights (a NYC startup), Crunchbase, Compete, Quantcast and Made in NY.

 
The Catch

The Catch II

The Catch III

Here is a list of newer trends I expect to see in 2012:

1. Microsoft builds momentum with developers: Windows Phone and Kinect will draw the attention of developers
2. Startups are going to disrupt the book and magazine industry by allowing anyone to write longer forum content without having to go through the typical route of being “approved/accepted” by traditional publishers
3. Startups are going to focus on gaming and education applications for young children, two to six year olds
4. Applications specifically made for enterprise workforce, mainly for those in the field
5. We are going to see more startups addressing the security space

Despite the fact that there are a lot of incubators/accelerators and co-working facilities, we are going to see more of them come online.  Although many pundits have been predicting a seed bubble for the past two years, I don’t see the level of funding for seed rounds diminishing in 2012.  In addition, there is plenty of cash available for companies who have the product/traction and want to raise a Series A.

I believe that I’m a great candidate for the open position, here is why:

1. The current board of directors in mainly comprised of investors or entrepreneurs, which is very important.  However, the board could be more diversified and with my background of supporting both investors AND entrepreneurs, it provides me a very unique perspective into both worlds.
2. I recently relocated to NYC, so I have unique perspective of what it means to move to a new community with limited contacts.  A lot of people are now moving to NYC to be part of the startup community and we need to make sure they have smooth transition to NYC and are feeling welcomed
3. Having spent nine years in the Bay Area, working with startups and investors, I bring a unique perspective as to what a thriving tech community has done well and not so well.   We can learn from other communities and make NYC an ever better place for startups to do business

Here are some initiatives that I would focus on if I am to join the Board of Directors of NYTM.

1. NYTM can be the platform to assist people who want to relocate to NYC.  Given how fast the community is expanding, startups need more experienced professionals and NYTM can be utilized to inform people about the opportunities in NYC and how to integrate into this community more effectively
2. Startups don’t have a collective voice when it comes to politics and laws that can positively/negatively impact them.  NYTM could create a Political Action Committee (PAC) so the voice of NYC tech community is heard in NYC, New York State and in Washington D.C.  Topics such as net neutrality, wireless spectrum, immigration laws, patent laws, etc are all topics that are important to this community and NYTM could serve as a platform to communicate our opinions
3. NYTM should serve all the sub-sectors of the NYC startup community.  Committees could be formed around various sub-sectors such as ecommerce, fintech, enterprise software, mobile, healthcare IT, etc.  These committees could be formed to highlight trends and also make sure that the NYTM monthly meetups have more diversity in terms of the presenters on stage

For more information about NYTM and the upcoming election, please visit http://nytm.org/election/

This firms are currently writing checks for companies who are raising Series A rounds that range from $3M to $10M.

NYC Based (meaning they have a full time investor(s) living in NYC & you don’t have to fly to another city for a partnership meeting(s)):

• Bain Capital Ventures
• Bessemer
• Canaan
• Contour Venture Partners
• DFJ Gotham
• First Round Capital
• FirstMark
• General Catalyst
• Greycroft
• High Peaks Ventures
• IA Ventures
• Matrix
• New York City Investment Fund (NYCIF)
• Polaris
• Raptor Ventures
• Rho
• RRE
• RTP Partners
• Softbank Capital
• Spark Capital
• Tiger Global
• Tribeca Ventures Partners
• Union Square Venture Partners
• Venrock
• Zelkova Ventures

Non-NYC Based:

• Accel
• Battery
• BlueRun Ventures
• Fairhaven Capital
• Foundry
• Flybridge
• Google Ventures
• Highland
• Khosla
• KPCB
• Lightbank
• Lightspeed
• Menlo Ventures
• NEA
• Norwest Venture Partners
• Sequoia
• Shasta Ventures
• Social+Capital Partnership
• True Ventures