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May 30, 2018

Why New York beats Silicon Valley as a destination for some startup founders

On the second episode of Converge, Zola co-founder and CEO Shan-Lyn Ma comes on to tell us why she’s building her company in New York. Zola runs a popular online wedding registry that couples have saved more than $1 billion worth of merchandise to, and days after I spoke to her, Ma announced a new $100 million round of funding that puts the startup among New York’s tech elite.

But why did she start the company in New York? Ma attended school at Stanford and later worked at Yahoo. But when it came time to start her own company, Ma was set on New York. ”New York is now at a point where we’ve had multiple rounds of successful startups exit,” Ma said. “We’ve built up a critical mass of tech startup talent across engineering, product design,...

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