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Silicon Alley
Silicon Alley is an area of high tech companies centered around southern Manhattan's Flatiron district in New York City. The term was coined in the 1990s during the dot-com boom, alluding to California's Silicon Valley tech center. The term has grown somewhat obsolete since 2003 as New York tech companies spread outside of Manhattan, and New York as a whole is now a top-tier global high technology hub. Silicon Alley, once a metonym for the sphere encompassing the metropolitan region's high technology industries, is no longer a relevant moniker as the city's tech environment has expanded dramatically both in location and in its scope. New York City's current tech sphere encompasses a universal array of applications involving artificial intelligence, the internet, new media, financial technology (''fintech'') and cryptocurrency, biotechnology, game design, and other fields within information technology that are supported by its entrepreneurship ecosystem and venture capital inv ...
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Silicon Valley
Silicon Valley is a region in Northern California that is a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley. The term "Silicon Valley" refers to the area in which high-tech business has proliferated in Northern California, and it also serves as a general metonymy, metonym for California's high-tech business sector. The cities of Sunnyvale, California, Sunnyvale, Mountain View, California, Mountain View, Palo Alto, California, Palo Alto and Menlo Park, California, Menlo Park are frequently cited as the birthplace of Silicon Valley. Other major Silicon Valley cities are San Jose, California, San Jose, Santa Clara, California, Santa Clara, Redwood City, California, Redwood City and Cupertino, California, Cupertino. The San Jose Metropolitan Area has the third-highest GDP per capita in the world (after Zürich, Switzerland, and Oslo, Norway), accor ...
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Cryptocurrency
A cryptocurrency (colloquially crypto) is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Individual coin ownership records are stored in a digital ledger or blockchain, which is a computerized database that uses a consensus mechanism to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. The two most common consensus mechanisms are proof of work and proof of stake. Despite the name, which has come to describe many of the fungible blockchain tokens that have been created, cryptocurrencies are not considered to be currencies in the traditional sense, and varying legal treatments have been applied to them in various jurisdictions, including classification as commodities, securities, and currencies. Cryptocurrencies are generally viewed as a distinct asset class in practice. The first cryptocu ...
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Brooklyn
Brooklyn is a Boroughs of New York City, borough of New York City located at the westernmost end of Long Island in the New York (state), State of New York. Formerly an independent city, the borough is coextensive with Kings County, one of twelve original counties established under English rule in 1683 in what was then the Province of New York. As of the 2020 United States census, the population stood at 2,736,074, making it the most populous of the five boroughs of New York City, and the most populous Administrative divisions of New York (state)#County, county in the state.Table 2: Population, Land Area, and Population Density by County, New York State - 2020
New York State Department of Health. Accessed January 2, 2024.

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Dumbo, Brooklyn
Dumbo (or DUMBO, an acronym for Down Under the Manhattan Bridge Overpass) is a neighborhood in the New York City borough of Brooklyn. It encompasses two sections: one situated between the Manhattan Bridge, Manhattan and Brooklyn Bridges, which connect Brooklyn to Manhattan across the East River, and another extending eastward from the Manhattan Bridge to the Vinegar Hill, Brooklyn, Vinegar Hill area. The neighborhood is bounded by Brooklyn Bridge Park to the north, the Brooklyn Bridge to the west, Brooklyn Heights to the south, and Vinegar Hill to the east. Dumbo is part of Brooklyn Community Board 2. Dumbo has historically been known by several names, including Gairville, Rapailie, Olympia, and Walentasville. The area was originally a ferry landing, characterized by 19th- and early 20th-century industrial and warehouse buildings, Sett (paving), Belgian block streets, and its location on the East River by the imposing anchorage of the Manhattan Bridge. A large number of the bui ...
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Lower Manhattan
Lower Manhattan, also known as Downtown Manhattan or Downtown New York City, is the southernmost part of the Boroughs of New York City, New York City borough of Manhattan. The neighborhood is History of New York City, the historical birthplace of New York City and for its first 225 years was the entirety of the city. Lower Manhattan serves as Government of New York City, the seat of government of both Manhattan and the entire City of New York. Because there are no municipally defined boundaries for the neighborhood, a precise population cannot be quoted, but several sources have suggested that it was one of the fastest-growing locations in New York City between 2010 and 2020, related to the influx of young adults and significant development of new housing units. Despite various definitions of Lower Manhattan, they generally include all of Manhattan, Manhattan Island south of 14th Street (Manhattan), 14th Street, with the Bowling Green (New York City), Bowling Green and The Batte ...
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Midtown Manhattan
Midtown Manhattan is the central portion of the New York City borough of Manhattan, serving as the city's primary central business district. Midtown is home to some of the city's most prominent buildings, including the Empire State Building, the Chrysler Building, the Hudson Yards, Manhattan, Hudson Yards Redevelopment Project, the headquarters of the United Nations, Grand Central Terminal, and Rockefeller Center, as well as several prominent tourist destinations, including Broadway theatre, Broadway, Times Square, and Koreatown, Manhattan, Koreatown. New York Penn Station, Penn Station in Midtown Manhattan is the busiest transportation hub in the Western Hemisphere. Midtown Manhattan is the largest central business district in the world, and has been ranked as the densest central business district in the world in terms of employees, at . Midtown also ranks among the world's most expensive locations for real estate; Fifth Avenue in Midtown Manhattan has commanded the world's high ...
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23rd Street (Manhattan)
23rd Street is a broad thoroughfare in the New York City borough (New York City), borough of Manhattan, one of the major two-way, east-west streets in the borough's Commissioner's Plan of 1811, grid. As with Manhattan's other "crosstown" streets, it is divided into its east and west sections at Fifth Avenue (Manhattan), Fifth Avenue. The street runs from Avenue C (Manhattan), Avenue C and FDR Drive in the east to Eleventh Avenue (Manhattan), Eleventh Avenue in the west. 23rd Street was created under the Commissioners' Plan of 1811. The street hosts several famous hotels, including the Fifth Avenue Hotel and Hotel Chelsea, as well as many theaters. Several skyscrapers are located on 23rd Street, including the Flatiron Building, the Metropolitan Life Insurance Company Tower, and One Madison. Description As with other List of numbered streets in Manhattan, numbered streets in Manhattan, Fifth Avenue separates West and East 23rd Street. This intersection occurs in Madison Square ...
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Broadway (Manhattan)
Broadway () is a street and major thoroughfare in the U.S. state of New York (state), New York. The street runs from Battery Place at Bowling Green (New York City), Bowling Green in the south of Manhattan for through the Boroughs of New York City, borough, over the Broadway Bridge (Manhattan), Broadway Bridge, and through the Bronx, exiting north from New York City to run an additional through the Westchester County, New York, Westchester County municipalities of Yonkers, New York, Yonkers, Hastings-on-Hudson, New York, Hastings-on-Hudson, Dobbs Ferry, New York, Dobbs Ferry, Irvington, New York, Irvington, Tarrytown, New York, Tarrytown, and Sleepy Hollow, New York, Sleepy Hollow, after which the road continues, but is no longer called "Broadway".It is variously called the Albany Post Road and Highland Avenue, or both.There are four other streets named "Broadway" in New York City's remaining three boroughs: one each in Brooklyn (Broadway (Brooklyn), see main article) and Stat ...
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Fifth Avenue
Fifth Avenue is a major thoroughfare in the borough (New York City), borough of Manhattan in New York City. The avenue runs south from 143rd Street (Manhattan), West 143rd Street in Harlem to Washington Square Park in Greenwich Village. The section in Midtown Manhattan is one of the most expensive List of shopping streets and districts by city, shopping streets in the world. Fifth Avenue carries Bidirectional traffic, two-way traffic between 135th Street (Manhattan), 143rd and 135th Streets, and one-way traffic southbound for the rest of its route. The entire avenue carried two-way traffic until 1966. From 124th Street (Manhattan), 124th to 120th Streets, Fifth Avenue is interrupted by Marcus Garvey Park, with southbound traffic diverted around the park via Mount Morris Park West and northbound to Madison Avenue. Most of the avenue has a bus lane, but no bike lane. Fifth Avenue is the traditional route for many celebratory parades in New York City and is closed to automobile tr ...
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Flatiron Building
The Flatiron Building, originally the Fuller Building, is a 22-story, steel-framed triangular building at 175 Fifth Avenue in the Flatiron District neighborhood of Manhattan in New York City. Designed by Daniel Burnham and Frederick P. Dinkelberg, and sometimes called, in its early days, "Burnham's Folly", it was opened in 1902. The building sits on a triangular block formed by Fifth Avenue, Broadway, and East 22nd Street—where the building's back end is located—with East 23rd Street grazing the triangle's northern (uptown) peak. The name "Flatiron" derives from its triangular shape, which recalls that of a cast-iron clothes iron. The Flatiron Building was developed as the headquarters of construction firm Fuller Company, which acquired the site from the Newhouse family in May 1901. Construction proceeded rapidly, and the building opened on October 1, 1902. Originally 20 floors, a "cowcatcher" retail space (a low attached building so called for its resemblance to th ...
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Venture Capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for Equity (finance), equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because Startup company, startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovation, innovative technology or business model and often come from high technology industries such as information technology (IT) or biotechnology. Pre-seed and seed money, seed rounds are the initial stages of funding for a startup company, typically occurring earl ...
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Entrepreneurship Ecosystem
An entrepreneurial ecosystem or entrepreneurship ecosystems are peculiar systems of interdependent actors and relations directly or indirectly supporting the creation and growth of new ventures. The ecosystem metaphor "Ecosystem" refers to the elements – individuals, organizations or institutions – outside the individual entrepreneur that are conducive to, or inhibitive of, the choice of a person to become an entrepreneur, or the probabilities of his or her success following launch. Organizations and individuals representing these elements are referred to as entrepreneurship stakeholders. Stakeholders are any entity that has an interest, actually or potentially, in there being more entrepreneurship in the region. Entrepreneurship stakeholders may include government, schools, universities, private sector, family businesses, investors, banks, entrepreneurs, social leaders, research centers, military, labor representatives, students, lawyers, cooperatives, communes, multin ...
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