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{"id":484,"date":"2010-10-21T18:17:22","date_gmt":"2010-10-21T22:17:22","guid":{"rendered":"http:\/\/www.nyfrenchgeek.com\/2010\/10\/new-york-beating-boston-in-number-of-new-startups-the-new-york-observer\/"},"modified":"2010-10-21T18:17:22","modified_gmt":"2010-10-21T22:17:22","slug":"new-york-beating-boston-in-number-of-new-startups-the-new-york-observer","status":"publish","type":"post","link":"http:\/\/www.nyfrenchgeek.com\/2010\/10\/new-york-beating-boston-in-number-of-new-startups-the-new-york-observer\/","title":{"rendered":"New York Beating Boston In Number of New Startups | The New York Observer"},"content":{"rendered":"
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New research from CB Insights<\/a> shows that while Silicon Valley is still the biggest player in new tech funding, it share of the market has fallen by 7% since last year.<\/p>\n

More importantly, as Nick Saint notes<\/a>, New York \u2014 which has traditionally been viewed as a little brother to Boston on the tech scene \u2014 is now #2 in terms of new startups, while Beantown is a distant fourth.<\/p>\n

The .4 billion in funding recorded in Q3 2010 is a drop from last quarter and a well below the .1 billion from this time last year.<\/p>\n

But New York is benefiting from an explosion in early stage seed funding, which has grown tenfold since this time last year.<\/p>\n

The small, agile, web-based firms that can afford to operate in the Big Apple’s pricey real estate market are taking home a much bigger chunk of overall VC funds. <\/p>\n

Add in the fact that advertising, one of New York’s strong suits, is the best funded sector in tech and the report is an strong endorsement of Silicon Alley’s future.<\/p>\n

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via observer.com<\/a><\/div>\n<\/p>\n<\/div>\n

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