The startup revolution has set the business world ablaze, spawning innovative ideas, creating jobs, and spurring economic growth across the globe. Startup Genome recently released its 2017 Global Startup Ecosystem Report, in which it surveyed entrepreneurs in key markets to help us gain a better understanding of the current global startup ecosystem. With over 10,000 business leaders from more than 100 cities in 50 countries participating, the report is the world’s most comprehensive primary research on startups.
As you might expect, Startup Genome’s findings confirm that New York City is a great place to launch a new business. The Big Apple was ranked #2 on the report’s Top 20 Global Startup Ecosystems list and coming in 5th for the Number of Early-Stage Investments Per Startup (an average of $568K per startup).
NYC is now the 2nd largest startup ecosystem in the world, with 6,300 to 7,800 active startups in the marketplace. It’s also the 3rd most valuable, with an estimated worth of $71 billion, and produced the 3rd highest Number of Unicorns. The NYC ecosystem also outperformed the global averages in a number of key areas, such as average salaries, number of female and immigrant founders, and employee experience.
To learn more, download the full report here.