Anastasia Tohme | IE BUSINESS SCHOOL (original) (raw)
Address: Madrid, Spain
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NYC, the city that was once known to be the financial hub has now transformed itself to become th... more NYC, the city that was once known to be the financial hub has now transformed itself to become the home to over 10,000 startups. The spot has become so raging that not only American startups are basing themselves there but also many Europeans startups are moving their operations and opening headquarters. One of the main topics of discussion during the trip was the differences of establishing a startup in NYC versus it' s older, successful and tech-bubbly sister: Silicon Valley / The Bay. The two main advantages of NYC that came up several times were the diversity of business sectors in the city and the talent availability. Dennis Crowley, Co-founder and CEO of Foursquare, commented that because the city is full of artists, fashionistas, foodies, financials, lawyers, etc. it is very easy to disconnect from the tech world, recharge oneself and find inspiration because in the Valley everything is all about tech and it can become overwhelming very fast. Pat Phelan, Co-founder and CEO of Trustev, highlighted the struggle Silicon Valley startups has to go through to find and retain talent. The war for talent and willingness to pay has increased drastically the competition whether it's in the function of engineering or sales-it's any talent.
NYC, the city that was once known to be the financial hub has now transformed itself to become th... more NYC, the city that was once known to be the financial hub has now transformed itself to become the home to over 10,000 startups. The spot has become so raging that not only American startups are basing themselves there but also many Europeans startups are moving their operations and opening headquarters. One of the main topics of discussion during the trip was the differences of establishing a startup in NYC versus it' s older, successful and tech-bubbly sister: Silicon Valley / The Bay. The two main advantages of NYC that came up several times were the diversity of business sectors in the city and the talent availability. Dennis Crowley, Co-founder and CEO of Foursquare, commented that because the city is full of artists, fashionistas, foodies, financials, lawyers, etc. it is very easy to disconnect from the tech world, recharge oneself and find inspiration because in the Valley everything is all about tech and it can become overwhelming very fast. Pat Phelan, Co-founder and CEO of Trustev, highlighted the struggle Silicon Valley startups has to go through to find and retain talent. The war for talent and willingness to pay has increased drastically the competition whether it's in the function of engineering or sales-it's any talent.