Forbes New startups
On Monday, we all learned that you can drop out of high school and in less than a decade become a multimillionaire. If you’re a tech genius with a product teenagers and college students can’t live without, that is.
Yahoo spent $1.1 billion of its cash to acquire social media service Tumblr for $1.1 billion cash. Tumblr is one of the Web’s most trafficked sites for user-generated content, drawing people who use the platform to post pictures and text. Sound familiar? And you that that’s what Facebook was for. And before that, MySpace.
It doesn’t matter. David Karp, the founder of Tumblr, is smiling all the way to the bank. He cashed in with his web creation from his offices in Silicon Alley in Midtown.
In the Americas, there’s Silicon Alley in New York, the much bigger and more famous Silicon Valley in California and further north, and getting bigger, there’s Toronto. Newcomers flying here will think they’ve arrived in an emerging market. There are cranes as far as the eye can see, erecting shiny condos along Lake Ontario in a city known for its young, tech-savvy and entrepreneurial workforce.
“Toronto techies don’t want to go work for BlackBerry. They want to invent something as big as BlackBerry was seven years ago, ” says John Marshall, president of the Ontario Capital Growth Corporation, a joint initiative between the state government and a handful of venture capitalists and major banks like TD Bank Financial Group.
Why Toronto, Ontario?
Ontario is the second largest information technologies cluster in North America. Only California is bigger. That cluster basically shoots from Toronto to Waterloo, home of BlackBerry. Google is based there. Gmail was created in Waterloo. But its the Toronto techies that outnumber any other city in Canada. There’s 11, 000 information and communications technologies firms in Toronto alone, employing over 170, 000 people.
“Ontario is ranked alongside California, New York and London as a top center for innovation, ” says Reza Moridi, Canada’s new Minister of Research and Innovation. Toronto with its 2.6 million people energize the state. Moridi says Ontario is ranked third for foreign direct investment in all of North America. “The big banks are setting up offices here. Facebook is here. Twitter is coming here because they see what the state is doing. They see we have the talent. Toronto has more start-ups than anywhere else in the country, ” says Moridi, bragging about the hundreds of them setting up shop each day at some incubator here or in Waterloo, nearly two hours away by car.
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Q&A
Where is New York fashion week?
NEW YORKshows during fashion week are spread out throughout the city, but many of the most famous fashion houses show in the tents at Bryant Park.A ton of designers are helping with the runway and the most delicate gowns and accesories. You will see those designers having lunch at local places and the brave ones at the most expensive.
The couture and luxury collections are shown at the Waldorf Astoria under the banner Couture Fashion Week
What is better for a tech startup targeting the fashion editorial/designer market; relocating to San Francisco or New York? Why? - Quora
This is pretty simple; NY. Your customers and your target are in NY. There becomes a point where saving money in having face to face meetings actually matters. The time zone makes it easier to do
