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New York Startup Survey

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Maria (Brewer) Palma
Maria (Brewer) Palma

RRE Ventures is a leading early stage venture capital firm, headquartered in New York. To further understand the current atmosphere for startups in NYC, we ran a survey across 70+ startups to get their insight into the New York ecosystem today.

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New York Startup Survey RESPONSES : 70+ STARTUPS CO-DISTRIBUTORS : USV, LHV, TECH:NYC, WORK-BENCH, CORIGIN RRE VENTURES
What is the most important criteria in choosing a VC? 56% 16% 11% 7% 6% 4% 0% 0% Partner Relationship Industry Expertise Customer Intros Not Involved Brand/Reputation Valuation Proximity Other
Where is your top priority location when fundraising? 70% 14% 15% 17% 51% 10% 4% 18% NY SF BOS LA OTHER 2ND CHOICE 1ST CHOICE
Diversity initiatives at your company Do you have a diversity initiative? 25% 17% 58% No Prefer Not to Answer Yes 86% 60% 60% 52% 36% 29% 5%GENDER RACE BACKGROUND ETHNICITY THOUGHT AGE ALL 13% 9% 9% 69% Interviewing & Closing Leveraging Diversity Other Sourcing What do you prioritize in your diversity initiative? What are the biggest barriers to increasing diversity?
Does your company have a maternity/paternity policy? 51% 36% 13% 42% 43% 15% P A T E R N I T Y M A T E R N I T Y
Standard maternity and paternity policies 35% 22% 16% 11% 8% 3% 3% 3% 12 weeks paid 16 weeks paid Other No formal time 6 weeks paid 16 weeks unpaid 6 weeks unpaid I don't know What is your standard maternity policy? 47% 20% 10% 7% 7% 7% 3% Other 6 weeks paid No formal time 12 weeks paid 16 weeks paid I don't know 12 weeks upaid What is your standard paternity policy?
What are the hardest positions for you to fill? 39% 16% 14% 12% 7% 4% 3% 3% 2% ENG MARKETING SALES PRODUCT BD OPS HR OTHER FINANCE
Pros and Cons of being in New York 31 23 6 0 12 7 22 17 18 8 CUSTOMERS TALENT CAPITAL COST OTHER Pros Cons
What are your biggest barriers to growth? 30% 26% 14% 12% 10% 8% CAPITAL TALENT COMPETITION BUYER EDU. INTERNAL ISSUES OTHER
1. Soho 2. Flatiron 3. Midtown 4. Chelsea 5. Union Square Most popular office locations
Which NY entrepreneur/company do you admire most? 1. Kevin Ryan 2. Warby Parker 3. Michael Bloomberg 4. Squarespace 5. Casper 6. Flatiron Health
Survey details • Over 70 responses • Media, Enterprise, Financial Services and SaaS companies made up 75% of respondents with the remaining 25% being made up of Healthcare, Real Estate, Ecommerce, Ad Tech, Consumer and Education companies • Seed and Series A companies made up 50% of the total respondents. Series B, Series C, and Series D and beyond companies each made up ~17% of the respondents. • Co-Distributors: USV, LHV, Tech:NYC, Work-Bench, Corigin
Questions, Comments, or Feedback? Email us at platform@rre.com

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New York Startup Survey

  • 1. New York Startup Survey RESPONSES : 70+ STARTUPS CO-DISTRIBUTORS : USV, LHV, TECH:NYC, WORK-BENCH, CORIGIN RRE VENTURES
  • 2. What is the most important criteria in choosing a VC? 56% 16% 11% 7% 6% 4% 0% 0% Partner Relationship Industry Expertise Customer Intros Not Involved Brand/Reputation Valuation Proximity Other
  • 3. Where is your top priority location when fundraising? 70% 14% 15% 17% 51% 10% 4% 18% NY SF BOS LA OTHER 2ND CHOICE 1ST CHOICE
  • 4. Diversity initiatives at your company Do you have a diversity initiative? 25% 17% 58% No Prefer Not to Answer Yes 86% 60% 60% 52% 36% 29% 5%GENDER RACE BACKGROUND ETHNICITY THOUGHT AGE ALL 13% 9% 9% 69% Interviewing & Closing Leveraging Diversity Other Sourcing What do you prioritize in your diversity initiative? What are the biggest barriers to increasing diversity?
  • 5. Does your company have a maternity/paternity policy? 51% 36% 13% 42% 43% 15% P A T E R N I T Y M A T E R N I T Y
  • 6. Standard maternity and paternity policies 35% 22% 16% 11% 8% 3% 3% 3% 12 weeks paid 16 weeks paid Other No formal time 6 weeks paid 16 weeks unpaid 6 weeks unpaid I don't know What is your standard maternity policy? 47% 20% 10% 7% 7% 7% 3% Other 6 weeks paid No formal time 12 weeks paid 16 weeks paid I don't know 12 weeks upaid What is your standard paternity policy?
  • 7. What are the hardest positions for you to fill? 39% 16% 14% 12% 7% 4% 3% 3% 2% ENG MARKETING SALES PRODUCT BD OPS HR OTHER FINANCE
  • 8. Pros and Cons of being in New York 31 23 6 0 12 7 22 17 18 8 CUSTOMERS TALENT CAPITAL COST OTHER Pros Cons
  • 9. What are your biggest barriers to growth? 30% 26% 14% 12% 10% 8% CAPITAL TALENT COMPETITION BUYER EDU. INTERNAL ISSUES OTHER
  • 10. 1. Soho 2. Flatiron 3. Midtown 4. Chelsea 5. Union Square Most popular office locations
  • 11. Which NY entrepreneur/company do you admire most? 1. Kevin Ryan 2. Warby Parker 3. Michael Bloomberg 4. Squarespace 5. Casper 6. Flatiron Health
  • 12. Survey details • Over 70 responses • Media, Enterprise, Financial Services and SaaS companies made up 75% of respondents with the remaining 25% being made up of Healthcare, Real Estate, Ecommerce, Ad Tech, Consumer and Education companies • Seed and Series A companies made up 50% of the total respondents. Series B, Series C, and Series D and beyond companies each made up ~17% of the respondents. • Co-Distributors: USV, LHV, Tech:NYC, Work-Bench, Corigin
  • 13. Questions, Comments, or Feedback? Email us at platform@rre.com