Contour Ranked As One of the Most Active Venture Capital Firms In
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ASKED & ANSWERED How large developments will change post-pandemic PAGE 7 OPTIMISTIC VIEW Knotel said it was thriving— weeks before it led for Chapter 11 CRAINSNEWYORK.COM | FEBRUARY 22, 2021 PAGE 3 SMALL BUSINESS City business leaders decry uptick in crime Drug use, homelessness and JENNINGS-O’BYRNE other quality-of-life is the co-founder of issues cited as the a venture-capital fund focused on main problems women of color. BY BRIAN PASCUS he city’s business commu- nity is sounding the alarm that a rise in crime across the ve boroughs is not Tmerely perception but instead a worrisome reality. “We are very, very concerned,” said Tom Grech, president of the Queens Chamber of Commerce. “Broadly speaking, there’s been a spike, and it’s the quality-of-life stu that’s damaging business.” Grech named public urination, drug use, homeless encampments and physical altercations as the quality-of-life issues that most af- TECHNOLOGY fect business owners. He described weekly reports from his members attesting to homelessness and gra ti plaguing Long Island City and robberies and burglaries oc- curring in the daylight hours in southeastern Queens. CLOSING THE GAP Between 2019 and 2020, New n nine years, Donnel Baird has grown his Brooklyn York City saw a 97% rise in shoot- Black-owned startups will get more ings and a 45% increase in mur- funding if minorities are better startup into a green-energy powerhouse, retro t- ders, according to Police Depart- ting thousands of urban buildings. is month the ment gures. As crimes like represented in the VC industry company landed a $63 million investment backed subway murders and knife slash- ings garner headlines and create a Iby Goldman Sachs and American Family Insurance. negative perception, it is the petty BY RYAN DEFFENBAUGH e 39-year-old entrepreneur grew up in an crimes and quality-of-life issues that most concern business own- ers across the boroughs. INSIDE: Most Active Venture Capital Firms PAGE 10 See VC GAP on page 23 KARJEAN LEVINE See CRIME on page 6 VOL. 37, NO. 7 © 2021 CRAIN COMMUNICATIONS INC. WHO OWNS THE BLOCK OUT OF OFFICE THE BEST Historical site in PLACES TO antislavery ght GRAB A BITE NEWSPAPER RIGHT NOW wins protection PAGE 27 PAGE 13 NUMBER OF TOTAL VALUE OF INVESTMENTS IN METRO-AREA FUNDING MOST FREQUENT COMPANY/ METRO-AREA ROUNDS (IN MILLIONS) THREE LARGEST METRO- TYPE OF FUNDING RANK ADDRESS 1 WEBSITE SENIOR MANAGEMENT 2 STARTUPS IN 2020 IN 2020 3 AREA DEALS IN 2020 ROUND IN 2020 Y Combinator ycombinator.com Geoff Ralston 42 $185.2 H1, Feather, Squire Seed 335 Pioneer Way President 1 Mountain View, CA 94041 Techstars techstars.com Maëlle Gavet 36 $18.2 Cube, Ergatta, Axle Pre-seed 1050 Walnut St. Chief executive 2 Boulder, CO 80302 Lerer Hippeau lererhippeau.com Eric Hippeau, Kenneth Lerer, Ben Lerer 28 $437.0 Medly Pharmacy, Seed 100 Crosby St. Managing partners Augury, K Health 3 New York, NY 10012 Alumni Ventures Group avgfunds.com Michael Collins 25 $221.3 Pico, BlockFi, VENN Seed 788 Elm St. Chief executive, board chairman 4 Manchester, NH 03101 Contour Venture Partners contourventures.com Bob Greene, Matt Gorin, Managing partners, 23 $143.0 Cylera, MovableInk, n/d 475 Park Ave. S., sixth floor Owen Davis, General partner Wayscript 5 New York, NY 10016 Entrepreneurs Roundtable Accelerator eranyc.com Murat Aktihanoglu, Jonathan Axelrod 23 $23.6 Negotiatus, Tire Agent, Seed 415 Madison Ave. Managing directors Nayya 5 New York, NY 10017 Bessemer Venture Partners bvp.com Charles Birnbaum, Alex Ferrara, 20 $815.6 Hyperscience, Forter, Series B 285 Madison Ave., Suite 1401 Bob Goodman, Jeremy Levine, Rob Stavis Sisense 7 New York, NY 10017 New York office partners FirstMark firstmarkcap.com Rick Heitzmann, Amish Jani, Beth Ferreira, 19 $782.3 Ro, Hyperscience, Series A and C 100 Fifth Ave. Matt Turck, Adam Nelson, Dan Kozikowski Orchard 8 New York, NY 10011 Partners Hatzimemos Libby Holdings (H/L Ventures) h-l.vc Eric Hatzimemos, Chairman, chief executive, 19 $50.0 Holler, Andie Swim, Equity for services, 30 Rockefeller Plaza, Suite 5440 Oliver Libby, Managing partner BlocPower Seed, Series A 8 New York, NY 10112 Tiger Global Management tigerglobal.com Scott Shleifer, Partner 19 $1,612.8 Attentive, VTEX, UiPath Series C and D 9 W. 57th St. 8 New York, NY 10019 THE LIST Greycroft greycroft.com Alan Patricof, Dana Settle, Ian Sigalow 18 $370.6 Medly Pharmacy, Seed 292 Madison Ave., eighth floor Cofounders Public.com, BetterCloud 11 New York, NY 10017 MOST ACTIVE VENTURE CAPITAL FIRMS BoxGroup boxgroup.com David Tisch 15 $342.4 Ro, K Health, Ramp Seed 99 University Place Founder, investor Ranked by number of investments in New York metro area-based startups 12 New York, NY 10003 Insight Partners insightpartners.com Jeff Horing, Jerry Murdock 15 $639.0 Bizzabo, Sisense, Series B 1114 Sixth Ave., 36th floor Cofounders Augury 12 New York, NY 10036 NUMBER OF TOTAL VALUE OF FLIP FLOP WHAT PANDEMIC? DIGITAL PIE OK, MAYBE COVID DID HAVE AN IMPACT SOSV sosv.com Sean O’Sullivan INVESTMENTS15 IN METRO-AREA FUNDING$30.0 OpenTrons, Looking ConvertibleMOST FREQUENT note 1188COMPANY/ York Ave. Founder, managing partner METRO-AREA ROUNDS (IN MILLIONS) GlassTHREE Factory,LARGEST Lootcakes METRO- TYPE OF FUNDING In 2019, venture capital The amount of venture capital raised by local Looking at the entire state, internet deals dominated in Though local companies raised lots of venture capital 1 2 3 invested in New York-area companies remained near historic highs in 2020, the fourth quarter of 2020. Other than health care, in 2020, the total number of deals fell 9.4%. 12RANK NewADDRESS York, NY 10065 WEBSITE SENIOR MANAGEMENT STARTUPS IN 2020 IN 2020 AREA DEALS IN 2020 ROUND IN 2020 companies soared while despite the pandemic. IT-related fields take up the vast majority of the pie. # Deals 500Y Combinator Startups 500.coycombinator.com ChristineGeoff Ralston Tsai 1442 $185.2$4.5 Fakespot,H1, Feather, Adapty Squire Seed falling throughout the $ Value in billions 814335 MissionPioneer WaySt. ChiefPresident executive country, but last year the 1000 151 SanMountain Francisco, View, CA CA 94103 94041 1.80% Agriculture U.S. as whole regained $20B 4.30% $17.4B NewarkTechstars Venture Partners newarkventurepartners.comtechstars.com DanMaëlle Borok Gavet, Vaughn Crowe, Tom Wisniewski 1336 $40.1$18.2 MeetCube, Cute, Ergatta, Ride Axle Health, Seed Pre-seed the ground it lost and then Software (non-internet/mobile) 11050 Washington Walnut St.Park, seventh floor ManagingChief executive partners ClassTag some. 4.30% Other 162 Newark,Boulder, NJ CO 01102 80302 15% 15% Mobile and 888 RightLerer HippeauSide Capital Management rightsidecapital.comlererhippeau.com DaveEric Hippeau Lambert, ,KennethKevin Dick Lerer, Jeff, Ben Pomeranz Lerer 1328 $437.0$2.5 Cohley,Medly Pharmacy, Motivote ConvertibleSeed note $15B telecommunications 649100 MissionCrosby St. St. Managing directorspartners Augury, K Health 800 San Francisco, CA 94105 12% 163 New York, NY 10012 11.40% AccelepriseAlumni Ventures Group acceleprise.vcavgfunds.com Michael CardamoneCollins , James Murphy, 1225 $221.3$3.1 Firstbase,Pico, BlockFi, Motivote VENN ConvertibleSeed note 43788 W. Elm 23rd St. St. JonahChief executive, Midanik, Jeffboard Becker chairman 9% NewManchester, York, NY NH 10010 03101 Managing directors $10B 184 Health care 12.40% BainContour Capital Venture Ventures Partners baincapitalventures.comcontourventures.com ScottBob Greene Friend,, Matt GorinHarris, ,ManagingMerritt Hummer partners, 1223 $513.9$143.0 Attentive,Cylera, MovableInk, BetterCloud, Seriesn/d B 6% 632475 BroadwayPark Ave. S., sixth floor PartnersOwen Davis, General partner JustworksWayscript 600 185 New York, NY 1001210016 SequoiaEntrepreneurs Capital Roundtable Accelerator sequoiacap.comeranyc.com DougMurat Leone Aktihanoglu, Jonathan Axelrod 1223 $801.8$23.6 Attentive,Negotiatus, UiPath, Tire Agent, SeriesSeed C 3% $5B 65.70% 2800415 Madison Sand Hill Ave. Road, Suite 101 GlobalManaging managing directors partner CockroachNayya Labs 185 MenloNew York, Park, NY CA 10017 94025 -0.50% 0 AccelBessemer Venture Partners accel.combvp.com JimCharles Swartz Birnbaum, Arthur, PattersonAlex Ferrara, 1120 $691.0$815.6 UiPath,Hyperscience, Melio, Forter, Series B New York U.S. 500285 UniversityMadison Ave., Ave. Suite 1401 FoundersBob Goodman, Jeremy Levine, Rob Stavis ChainalysisSisense area 0 400 217 PaloNew Alto,York, CANY 9430110017 New York office partners -3% ’11’ 12 ’13’ 14 ’15’ 16 ’17’ 18 ’19 ’20 Internet ’20’19’18’17’16’15’14’13’12’11 SOURCE: PwC/CB Insights MoneyTree Report AndreessenFirstMark Horowitz a16z.comfirstmarkcap.com MarcRick Heitzmann Andreessen, Amish, Ben Horowitz Jani, Beth Ferreira, 1119 $329.1$782.3 StackRo, Hyperscience, Overflow, Cedar, Seed,Series SeriesA and AC and 11100 Madison Fifth Ave. Ave., 15th floor GeneralMatt Turck partners, Adam Nelson, Dan Kozikowski DigitalOceanOrchard C 218 New York, NY 1001010011 Partners NUMBER OF TOTAL VALUE OF CoatueHatzimemos Libby Holdings (H/L Ventures) coatue.comh-l.vc PhillipeEric Hatzimemos Laffont, Thomas, Chairman, Laffont chief executive, 1119 $1,037.0$50.0 OscarHoller, Health, Andie Swim, Attentive, SeriesEquity Afor services, INVESTMENTS IN METRO-AREA FUNDING MOST FREQUENT 930 W. Rockefeller 57th St., 25thPlaza, floor Suite 5440 FoundersOliver Libby, Managing partner UiPathBlocPower Seed, Series A COMPANY/ METRO-AREA ROUNDS (IN MILLIONS) THREE LARGEST METRO- TYPE OF FUNDING New York, NY 1001910112 RANK ADDRESS 1 WEBSITE SENIOR MANAGEMENT 2 STARTUPS IN 2020 IN 2020 3 AREA DEALS IN 2020 ROUND IN 2020 218 FoundersTiger Global Fund Management foundersfund.comtigerglobal.com PeterScott ThielShleifer, Brian, Partner Singerman, Keith Rabois 1119 $1,612.8$399.4 OscarAttentive, Health, VTEX, Cedar, UiPathSeries AC and D Y Combinator ycombinator.com Geoff Ralston 42 $185.2 H1, Feather, Squire Seed 19 LettermanW. 57th St. Drive General partners Vise 335 Pioneer Way President SanNew Francisco,York, NY 10019 CA 94129 1 Mountain View, CA 94041 218 GaingelsGreycroft gaingels.comgreycroft.com DavidAlan Patricof Beatty, DanaManaging Settle member,, Ian Sigalow 1118 $261.8$370.6 Orchard,Medly Pharmacy, Hyperscience, Seed Techstars techstars.com Maëlle Gavet 36 $18.2 Cube, Ergatta, Axle Pre-seed 43292 W.