For those of you who have not been paying attention, the media has exploded with coverage of the tech boom right here in Union Square. We, of course, have been chatting about this since our blog launched 2 months ago. First, the Center for the Urban Future published a major report about New York City’s tech sector, placing Union Square the epicenter of the new software-based economy. The report analyzes the explosion of digital startups founded in New York over the past five years—with data on nearly 500 New York startups.
Of course all this report also comes at the heels of a MoneyTree report published by PricewaterhouseCoopers and the National Venture Capital Association that concluded of the seven leading technology regions in the United States, New York City was the only one to see an increase in the number of VC deals between 2007 and 2011.
Did we mention that in February Crain’s New York also released a list of the top 10 most active venture capital firms in the city and Union Square neighborhood is home to 5 of them?