Tech:NYC Annual Report
 

 2018 Annual Report

 
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Our second year was a busy one at Tech:NYC. Our organization continues to grow—both in terms of our hardworking team and our membership. We host increasingly more events and engage on more issues as we work to represent the diverse and creative tech ecosystem here in the most diverse and creative city in the world. The truth is, it’s a pretty easy job. Our successes are our members’ successes; our fights are their fights. I’d bet on the amazing women and men who make up our ecosystem any day.

Year two gave us a chance to kick the tires and test out what we built. And we were thrilled with what we found. Nearly everything we envisioned came to life in big, bold ways. During our second year, we hosted more than 50 events; fought hard in NYC, Albany, and Washington, D.C. on issues like computer science education, immigration, and net neutrality; and celebrated big tech wins that show how quickly our ecosystem is growing. It’s an honor to fight alongside our members and our community, and I’m thankful for it every day.

JULIE SAMUELS

 
 
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THESIS:

 

A diverse and growing set of companies power NYC's tech ecosystem.

 
 
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PROOF OF CONCEPT:

We've built a membership of 630+ member companies, which includes more than 500 startups. Together, they represent every kind of startup there isadtech, blockchain, fashion, fintech, healthcare, media, retail, and more. Which, of course, is exactly what you'd expect from New York.

 
 
 

MEMBERSHIP SNAPSHOT

 
 
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Our membership is just a snapshot of the robust NYC tech ecosystem, which is responsible for 326,000 jobs and more than $11 billion in funding in 2017 alone. We're so excited about these numbers that we launched a data resource page spotlighting them and many others.

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THESIS:

New York's tech sector has an amazing story to tell.

 
 
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Proof of Concept:

This year, we were pleased to see others telling that story too, with a few common themes: 1) NYC is diverse; 2) access to existing industries and markets sets NYC apart from other international tech hubs; and 3) tech is an increasingly large part of NYC’s economy. These three stories prove our theory of the case:

 
 

New York Will Never Be Silicon Valley. And It's Good With That

Bloomberg outlines the new New York tech scene, which is fine with not being Silicon Valley. It includes more industry diversity and tech-fueled campuses like Cornell Tech (above).

Tech Takes Over: The Boom Is Just Beginning

Crain’s New York Business explores the growth of the New York tech scene, featuring interviews with Zola’s Shan-Lyn Ma (above) and other important NYC entrepreneurs.

Google Expansion Plans Helping to Turn NYC into Tech Hub

The Associated Press uses Google’s $2.4 billion purchase of the Chelsea Market building (above) to help illustrate New York’s position as a top tech hub.

 
 

New York City is home to many companies that went public or were acquired in the past year. These companies range from enterprise software providers to coding academies. 

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Tech:NYC was featured and mentioned in more than 100 stories in the past year and continues to be a resource for media looking to connect with technology companies and better understand tech policy.

 
 
 
 
 
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THESIS:

New York's startups exemplify everything we love about our city.

 
 
 
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Proof of Concept:

Through our monthly Companies to Watch feature, we saw how diverse and inspiring our community is. We learned about the best pizza, bagels, and coffee in the city. And how best to spend a snow day. Even more, we learned about what our community is building and what drives our founders.

 
 
[New York] is a magnet for thoughtful people, full of culture and conversation. New York doesn’t make things easy, but it energizes you to make things happen.
— ScreenPrism CEO Debra Minoff, March 2018
New York City is unmatched in the depth and diversity of its population, economy, and community networks. The future of the world is global, multicultural, knowledge driven, and connected, and New York City represents all of that.
— UrbanLogiq CEO Mark Masongsong, April 2018
 
 
The energy and vibrancy of New York City is electric. When I come out of the subway I feel the pulse in the air; when I walk the streets I feel the electric rhythm of the people. Being an entrepreneur can be pretty isolating and scary, but in New York you’re surrounded by people who are all working to do big things, fulfill crazy ideas, and make their dreams real.
— Move This World CEO Sara Potler LaHayne, September 2017
 
 

OUR FAVORITE FOUNDER RECOMMENDATIONS


 
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Arcade Bakery | Tribeca

Di Fara | Midwood

Maiella | Long Island City

Roberta's | Bushwick

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Ad Hoc Collective | West Village

Devocion | Williamsburg

Filtered Coffee  | Mott Haven

Grace Street Coffee | Midtown

 
 
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THESIS:

 

We have a community of advocates who lend their voices to important issues.

 
 
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Proof of Concept:

Nearly half of our members engaged on issues this year. Whether it was adding their names to a letter, their time or money to a cause, or inspiring the next generation of talent, we were proud to participate alongside our members.

 
 

A sampling of the advocacy our members engaged on in the past year.

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#TechTakesAction

We launched Tech Takes Action as a tool to help our tech community stand up for what it believes in. Our first campaign focused on helping DREAMers by encouraging tech employees to write to legislators or to donate/volunteer with local organizations that help immigrants.

 
 
 
 
 

2018 CS FAIR

Tech:NYC was a partner in the 2018 Computer Science Opportunity Fair, which hosted more than 1,800 NYC public high school students who are studying CS, giving them a chance to learn about tech careers and potential degrees. More than 60 tech companies and universities hosted booths at the fair.

 
 

NET NEUTRALITY

 

This year, New York leaders in both tech and government continued the fight for net neutrality. Our members signed letters, contacted their representatives, and used their platforms to let the public know about the potential risk to the open internet. In May 2018, the Senate voted to overturn the FCC’s net neutrality rollback and we are thankful to Senator Chuck Schumer (below) for his leadership and for continuing to stand with our members.

 
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THESIS:

It’s possible to shape policies to help New York's tech companies succeed.

 
 
 
 
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Proof of Concept:

We continue to ensure the New York tech community is represented at the local, state, and national levels. When an issue that impacts how you do business arises, we communicate that to our representatives.

 
 
 
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MARKETPLACE TAX


For the second year in a row, Tech:NYC played a significant role in defeating a proposed marketplace provider tax that would have hit internet marketplaces like Etsy, eBay, and Amazon. Working with a coalition of our members and others, we were able to convince Albany policymakers to remove this provision from the 2019 state budget.

 
 
 

ALGORITHM TASK FORCE


Tech:NYC worked closely with local policymakers to create a task force to study the city’s use of algorithms in the provision of government services. Our Executive Director now serves as a member on that task force.

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CS FUNDING


We pushed hard at the state level to make sure funding for computer science education stayed in the 2019 budget. New York State committed $30 million on computer science education, constituting the largest annual funding commitment from any state.

 
 
 
 

ALBANY POLICY LABS


During our first Albany Policy Labs event, our members spent a day meeting with legislators at the New York Capitol Building and showing them first-hand how their services worked

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THESIS:

Our community wants substantive programming across the ecosystem. 

 
 
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PROOF OF CONCEPT:

Tech:NYC hosted more than 50 events this year, including intimate sit-downs with local, state, and national leaders and large events that celebrate what’s happening every day in the NYC tech ecosystem.

 
 
 
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THESIS:

New York is filled with amazing leaders.

 
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PROOF OF CONCEPT:

 

We have 77 of them. And we are so lucky to have their support.

 
 
 

 Our Board 

 

Our Leadership Council

 
 
 
 
 

    THANK YOU New YOrk

 
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Thank you from

Team Tech:NYC

 
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