Tech:NYC Digest: September 16

Tech:NYC Digest: September 16

September 16, 2022 • Estimated Reading Time: 4 minutes

Friday, September 16, 2022 

This summer, the digest capped off each week with a “Friday Five” roundup of our favorite stories in New York tech. It’s been a hit, so we’re excited to continue delivering it to your inboxes each Friday afternoon.

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Boost NYC’s Tech Sector to Ensure a Full Jobs Recovery and Stronger Future for New Yorkers (Gotham Gazette)

  • Since we launched our Innovation Indicators initiative this summer, tech has continued its quest to create new well-paying jobs in the city — the most of any industry, actually. Since February 2020, employment in the tech sector increased 8.7%, a period when overall private sector employment decreased 5.3%. As we look ahead to end-of-year metrics and predictions for 2023, our own Jason Myles Clark and the Center for an Urban Future’s Jonathan Bowles took this moment to outline what it will take to spark a more complete jobs recovery.

Ethereum just completed The Merge — here’s how much energy it’s saving (The Verge)

  • Not to bury the lede: 99.988%. Ethereum’s shift to “proof-of-stake” mechanisms allays long-standing concerns about its electricity use. When we asked Hayden Adams, the CEO of NYC-based Uniswap, about the transition, he called it “a game changer in the space, and I think its impact is underestimated. This is the result of a global community spending five years building for the future." (Speaking of Ethereum: one of its co-founders, Vitalik Buterin, just joined the speaker lineup for Mainnet, the buzzy crypto conference happening in NYC next week). 

Riding The NYC Tech Wave It Helped Start, Primary Raises $425 Million Across Two New Funds (Forbes)

  • One of NYC’s hometown VC firms just wrapped another one of the city’s buzziest tech summits with this announcement — but they weren’t the only NYC firms with big news this week. Bessemer Venture Partners raised $3.85 billion for its twelfth flagship fund, Two Sigma Ventures announced $400 million for two early-stage funds, and crypto-focused North Island Ventures raised $125 million for its newest fund. 

NYC gets a VC-backed climate tech accelerator (Axios)

  • The new accelerator launched in SoHo on Wednesday and more than 250 startups have already applied to join. Instead of positioning climate tech in its own lane, the program plan to bring together cyber, fintech, foodtech, agritech, and urban technologies to the forefront of climate innovation — a more holistic approach that we think is a very smart move the sector’s growth and very good for the city’s status as a leader on climate change solutions.

Hop on This Bus and Eat Your Way Through Lower Manhattan (Eater NY)

  • Have you seen how perfect the weather forecast is tomorrow? Still need delicious plans? You’re welcome.

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