5 Reasons Why New York City is the Perfect City for Tech Entrepreneurs

Silicon Valley isn’t the only tech hub in the country anymore and many tech entrepreneurs are considering moving to areas where the business climate is a little less oppressive with a wider range of talent. Places like Boston, for instance, or Austin, Texas comes to mind. But one giant that never really went anywhere is New York, and it is slowly cooking up to become one of the world's biggest tech hubs. Here are a few reasons why every tech entrepreneur should consider relocating to the city.

The Real Estate Market isn’t as Bad as You Think

Yes, while premium apartments in New York will still cost you a pretty penny, the real estate market is very diversified and you could actually find some pretty good hidden gems, especially when it comes to furnished apartments.

Services like Blueground, for instance, have fully furnished rentals in New York in some of the city’s hottest areas. These are the best choice if you want to get some work done as soon as you touch down. These will also give you more flexibility and time to either find a new place or stay if you feel like the benefits of a serviced furnished apartment are worth it.

The Opportunities

One of the best things about New York is the vast amount of opportunities and possibilities. This is one of the most vibrant and densely populated cities in the world, and this alone makes it a prime destination for anyone trying to start a successful business.

The city is home to over 7,000 startups and there are literally hundreds of networking events taking place in New York every day. The city also attracts the best, brightest, and most driven people in the country. Making partners or finding mentors is easier in New York than pretty much anywhere else in the world. This is the best place if you want to rub shoulders with like-minded, highly motivated people who share the same drive and determination as you.

Another great thing about New York is that it truly never sleeps. If you want to have a meeting with an investor who just touched down at 4 AM, get work done at any hour of the night, or entertain clients and investors, New York is the place to be.

New York is a fast-talking, straight to the point, all business city. And if you have the right disposition, things can happen very fast here. Not only that, but the city is ripe with venture capital investors, incubators, and tons of financing options. The world-class technical infrastructure and the highly diversified workforce doesn’t hurt either.

The Support

New York is a city that was literally built for entrepreneurs. Everything is done there for entrepreneurs to succeed, and they’re the city’s lifeblood. That means that you’ll get help at any corner, whether it’s at the city or state level. New York’s ecosystem fosters and fuels imagination and being in the city alone is a huge motivating factor.

Starting a business is also much easier in New York. Some people joke that you can start a business from a smartphone nowadays, but in New York, it’s actually true. The city has made it easy for people to start a business through various online resources. From local health permits to filing your company’s structure, everything can be done completely online and fast.

The Diversity

We’ve already mentioned the diversity of the workforce in NYC, but the diversity of the actual city is another major plus for anyone trying to start a business. The city offers a quasi-infinite number of different niches you can cater to. The city is home to people of all cultures, lifestyles, religious and political affiliations, age groups, and nationalities. This is something that a savvy entrepreneur could take advantage of and develop products and services tailor-made for the city’s diverse demographics.

It Will Push You

In New York, you have no choice but to be on your A-Game at all times. This is a sink or swim city, and this is the perfect place to be if you feel like you need that extra push to take your business to the next level.

The high level of competition can be hard for some, but for others, it will only push them to elevate their game. If you feel like you have a naturally competitive nature, the mental fortitude, and disposition, and truly think that you have everything needed to succeed, moving to New York could be the best decision you’ve ever made in your life.

Conclusion

New York is and has always been a city made for entrepreneurs first. This is why all entrepreneurs should consider making the move at one point in their lives and take advantage of all the opportunities the city has to offer.