NY Tech 1995-2008. Opening Web 2.0 Expo NY Keynote

Web 2.0 Expo NY keynotes are happening today. Technology in use included CrowdVine which I’d not heard of, and plenty of Twitter feeds such as w2e_NY08.

The opening keynote was Fred Wilson from Union Square Ventures with his presentation New York’s Web Industry From 1995 to 2008: From Nascent to Ascendent .

Some stats, Seed and early stage deals.

  • 1995 230 SF Bay area, 30 in NY
  • 2008 360 SF Bay area, 116 in NY

Fred first asked “New York is not an alley. Call it Broadway, or just New York.”

Here is a summary of his history of New York Web Industry.

  • 1991 – ZDNet
  • 1993 – New York Online Dialup services
  • 1993 – Jupiter Communications online conference
  • 1993 – Prodigy
  • 1994 – Startups such as Pseudo, Total New york, Razorfish.
  • 1994 – Time Warner Pathfinder
  • 1995 -NYIC 55 Broad St. – Technology oriented building
  • 1995 – Seth Godin – Yoyodyne – Permission Marketing
  • 1995 – itraffic, agency.com, NY Times online
  • 1995 – Softbank, Double Click, 24×7, Real Media
  • 1996 – Silicon Alley Reporter
  • 1996 – ivillage, the knot
  • 1996 – Flatiron Partners – good sued for that
  • 1997 – The Silicon Alley Report Radio Show
  • 1997 – mining co.
  • 1997 – Total NY sold to AOL
  • 1997 – Agency rollups razorfish buying 4 companies
  • 1997 – DoubleClick IPO
  • 1998 – Seth Godin moves to Yahoo
  • 1998 – Burn Rate
  • 1998 – Kozmo – We’ll be right over
  • 1998 – was the last year of sanity in the Internet wave
  • 1999 – The start of the boom
  • 1999 the big players came online , all hell breaks loose. 200 startups were funded in 1999, 300 in 2000.
  • 2000 – The Crash & Burn
  • 2000 – f**kedcompany
  • 2000 – Google came to New York. – 86th St Starbucks
  • 2001 – Layoffs, Landlords and bankruptcies
  • 2002 – Rock bottom
  • 2003 – Renewal
  • 2003 – Blogging started gizmodo
  • 2003 – Web 2.0 coined
  • 2003 – del.icio.us was launched from a computer in an apartment
  • 2004 – NY Tech Meetup
  • 2004 – Union Square Ventures $120million raised
  • 2005 – about.com acquired by NY Times
  • 2005 – Etsy
  • 2006 – Google took over port authority building, now with 750 engineers in NY
  • 2008 – Web 2.0 comes to New York City

New York is now 1/3 of Silicon valley, compared to 1/8 of funded Internet companies.

One thing mentioned is a documentary called “We live in Public”. Some of the footage from 1999, is so early Big Brother.