New York City has established itself as a global leader in technology and biotech innovation, fostering an ecosystem that supports startups and established companies alike. A key initiative driving this growth is the NYC Innovation Hot Spot program—a state-backed...
If you’re a tech founder in a city like New York, there’s a good chance you’ve come across a quasi-governmental entity known as an Economic Development Corporation (EDC). The New York City Economic Development Corporation (NYCEDC) is one of the most prominent...
As a startup founder, bringing investors on board is an exciting milestone. However, it also comes with responsibilities, including providing certain information about your company's performance. One key area investors often negotiate during funding rounds is...
For startups in New York City, offering a 401(k) or other retirement savings plan is not only a smart move for attracting and retaining talent—it may also be required by law. New York City (and New York State) have enacted regulations that mandate eligible...
Cash is the lifeblood of an early-stage company. Since you’re probably not turning any significant profit yet — and potentially taking losses — managing the money you have is critical. The more you can extend your cash runway, the longer you buy to figure out how to...
When your company taps into venture capital (VC) funds to build its runway, investors expect you to be diligent with every dollar. You probably want to be, too, since the more you can slow your burn, the longer you have to figure out how to make your business model...