By Harrison Kratz (Community Manager, MBA@UNC)
For decades, Silicon Valley has been synonymous with innovation. It is difficult to dispute this claim given that it’s the home to technology and Internet giants such as Apple, Google, and Facebook. While it hasn’t lost its staying power, other hotspots for entrepreneurship and technology have emerged over the past ten years, in particular, New York’s “Silicon Alley”.
Although cities like Chicago, Austin, and even our own Research Triangle have produced a number of web-based businesses in recent years, New York’s startup scene is growing exponentially. The amount of capital and seed funding continues to rise as well as the success of local companies like foursquare, Gilt Groupe, and Tumblr.
The city’s ecosystem also has the support of Mayor Michael Bloomberg, who recently appointed Rachel Sterne as the city’s Chief Digital Officer along with Steve Rosenbaum, the city’s first Entrepreneur at Large.
There’s no shortage of debates in the blogosphere as to whether one coast has the advantage over the other. Regardless of what side you’re on, many would agree that there’s no better time to be an entrepreneur.
Interested in seeing the growth that has been present on both coasts over the last 5 years? Interact with the graphic below to explore some noteworthy companies in both Silicon Valley and Silicon Alley, quotes from stakeholders, as well as the rise in Seed Funding from 2009-2011.
Via MBA@UNC: Online MBA
This post was originally posted at MBA@UNC’s blog.
About the guest blogger: Harrison Kratz is the Founder of Tweet Drive and the Community Manager for University of North Carolina’s MBA@UNC. Harrison started his social media and entrepreneurial ventures. Harrison’s biggest venture, Tweet Drive, has used social media to organize charity tweet-ups in over 40 cities throughout the U.S. and Canada and to date has collected over 6,000 toys for homeless and needy children during the holidays. Follow him on Twitter at @kratzpr.