New York

New York: Tumblr Blogs Its Way to $800 Million

New York City
Tumblr Blogs Its Way to an $800 Million Valuation: Popular New York-based blogging service Tumblr is likely to raise $75 - $100 million in venture capital, which will value the company at $800 million, people familiar with the matter said. Although the service has little revenue to show for itself, VCs don’t seem to mind. In December, Tumblr said it had raised $30 million from Sequoia Capital, Spark Capital and Union Square Ventures in an investment that valued the company at… continue…

New York: How the Alley Can Compete with the Valley

New York City
Can New York Compete With the Best of the West? New York has to shake its reputation of being “media-focused” as opposed to “technology-focused” if its startup action is to match Silicon Valley’s. Most big New York startups — think Foursquare — have a heavy social media component. The area focuses on advertising, finance and retail, which is fine but doesn’t attract the same VC money as the West Coast’s tech projects. A parallel problem: New York is perceived to… continue…

New York: More Hot Spots for City Parks

New York City
More New Hot Spots for City: Up to 32 parks around the city will get WiFi hot spots as a result of a cable television franchise renewal agreement that was approved by the City’s Franchise and Concession Review Committee. Time Warner Cable and Cablevision must make a $10 million investment in WiFi infrastructure for the parks across all five boroughs. (They have yet to be chosen.) The WiFi will be rolled out over the next two years and paid for… continue…

New York: NYSE Plans Event to Draw Engineers

Posted In Looking in Tech
New York City
Stock Exchange Will Host Tech Recruiting Event: Next Jump, a New York–based rewards and offers provider, is teaming with the New York Stock Exchange to host an engineering recruiting event on the Big Board’s floor. Dubbed “Silicon Alley 500,” the effort will bring 500 top east-coast engineering students to meet with 50 leading tech companies. The Oct. 15 event includes students from MIT, Cornell, Harvard, Princeton, Columbia, Carnegie Mellon, Brown and Georgia Tech. The event is seen as an assertive… continue…

New York: Startup Scene Pushes Ahead, But Taxes Hurt

Posted In Working in Tech
New York City
Startup Scene Stays Healthy:  VC dollars are still flowing in New York. Some $1.7 billion was invested in local tech startups during  the 12 months ended June 30.  During that time, Gilt Groupe became the first New York Web 2.0 company to gain a $1 billion valuation. It raised $138 million in the past year, while another nine tech darlings raised at least $25 million each. The New York Post Boston Beats New York in Startup Cash: Alas, not only… continue…

New York Incubator Spurs Creation of 22 Startups (Pulse)

Posted In Looking in Tech
New York City
Incubator Program Spurs Startup Creation: Fifty entrepreneurs, designers, marketers and engineers went into a room together for three months and came out with 22 new startups. Incubator WeWork Labs was the host for the crowd, only a few of whom already had companies they were working on. The rest partnered up to make new ideas come to life. Now there are more than 35 companies in the SoHo space. Business Insider New York Is First in Clean Tech Jobs: New… continue…

New York Pulse: Rising Competition for Location, Coupon Services

New York City
Foursquare has 500,000 Merchant Accounts: Foursquare says it surpassed 500,000 merchant accounts just two weeks after the company reached 10 million active users. The location-based social networking site allows GPS-enabled mobile users to “check-in” at different locations and has proved popular with both users and merchants, especially in New York. Last week the company introduced its notifications feature to Android first, despite its history with Apple’s iPhones. Digital Media Wire Foursquare Chases Partners: Although Foursquare has a $600 million valuation,… continue…

Law Firm Dumps Laptops for iPads

Posted In Living in Tech
Supreme Court
New York-based law firm Proskauer has equipped more than 500 of its 700 attorneys with iPad 2s. The attraction was the device’s “elegant simplicity” as well as the opportunity for the firm to enhance its own brand by being first. At law firms, the technology spend ranks as the third-largest line item behind people and office space. Its place on the budget sheet, though, is well justified: Lawyers rely heavily on computers to deliver services that are at the core… continue…

NY Pulse: East Village Tech Meetup Draws Startups and Brand Names

Posted In Working in Tech
New York City
The East Village: A Mini Silicon Alley?: The first meetup of the East Village tech community included developers, startup founders, Google employees, two journalists, at least one student and the people behind Video Time Machine, currently the number one-selling app in Apple’s App Store. Mulitple employees at East Village-based Foursquare also signed up for the meetup, said co-organizer and East Village dweller Chris Carella. The goal: basic networking and idea sharing among creative techs who work all around the city… continue…

New York Pulse: Tech Jobs Are a Key to Bringing Manufacturing Back

Posted In Working in Tech
New York City
Bringing Manufacturing Jobs Back: Tens of thousands of New Yorkers have lost manufacturing jobs since 2005, but Sen. Kirsten Gillibrand wants to turn that around with a new program called Make It in America. She’s promoting a slate of initiatives to breathe new life into New York’s industrial hubs by promoting and strengthening the clean-tech and high-tech fields using tools including federal grants for retraining workers, retooling factories and hiring tech experts; tax credits for makers of clean-energy technology, and… continue…