Silicon Valley comes to the Big Apple in October as Sandhill.#NYC forges the path that seeks to make the gap between the two a bit narrower. Sandhill.NYC is a program that was organized by FundersGuild, a NYC #fund that provides seed capital to startups during their infancy.
The introduction of Sandhill.NYC will now make it possible for startups from NYC to access diversified VCs in one area. Companies will, over the course of two days, have access to a concentration of venture capitalists, hopping from one firm to the other to make quick introductions. This will help them in optimizing their time and efficiency, a feat that could prove most tiresome if done separately and outside of this environment.
The New York #startup industry is not that organized, making it even more challenging for startups to get established and to expand. By gathering the best startups from NYC in one place, it will make it easier for the VCs to meet them. This is expected to make more money move from Silicon Valley into New York City.
FundersGuild is promoting the tech community by creating a neutral platform where VCs from Silicon Valley can meet NYC startups and do business together.
FundersGuild has partnered with startup networks in NY, such as Techstars and WeWork, to help pass on the message about the program to the local startups. FundersGuild is promoting the tech community by creating a neutral platform where VCs from Silicon Valley can meet NYC startups and do business together. They are also working with a few co-working spaces where these meetings will be held. Startup founders can apply on the Sandhill.NYC website. The program is self-funded, open to anyone who is interested, and is scheduled to run through October. Among the firms set to participate include Andreessen Horowitz, Sequoia, Lightspeed Venture Partners, Kleiner Perkins, and Charles River Ventures, among others.
Featured Image: Grand Central Terminal Clock, NYC