CITY DRAWS TOP HIGH-TECH INDUSTRY PLAYERS TO SPEAK AT VENTURE CAPITAL CONFERENCE
4th Annual NYC Venture Capital Conference To Be Held June 21-23
Mayor Rudolph W. Giuliani announced today that some of Silicon Alley's top executives will speak to more than 50 of the City's emerging high-tech and biotech companies and investors from across the country at the fourth annual New York City Venture Capital Conference.
Among the high-tech heavy-hitters making headlines at this year's conference are: iVillage CEO Candice Carpenter; MiningCo.com CEO Scott Kurnit; Bertelsman Online CEO Chip Austin; Barnesandnoble.com CEO Jonathan Bulkeley; Kay Koplovitz, former CEO and founder of USA Networks and present CEO of Koplovitz and Co.; Winstar CEO William Rouhana; and Agency.com CEO Chan Suh.
"As we head into the 21st century, New York City is the place to do high-tech business," said Mayor Giuliani. "Silicon Alley is now at the forefront of the industry, and investors from across the country are recognizing the potential of our city's entrepreneurial talent pool. In fact, since 1995, venture capital investment in New York metropolitan area software and information firms more than quadrupled. This conference will encourage more of these business partnerships and will support the continued growth of the City's technology industries."
New York City leads the country as the top location for Internet-related IPOs, ahead of Silicon Alley veterans such as San Jose with 20 IPOs since 1990, according to Securities Data Company. The City has played a significant role in helping several Silicon Alley firms go public, such as 24/7 Media, MiningCo.com and Multex. Each of these companies received investments from the New York City Discovery Fund, the City's venture capital fund established under Mayor Giuliani's leadership. The City also supports the continued growth of public Silicon Alley companies such as DoubleClick and Theglobe.com by offering energy and tax savings.
"The recent interest in Silicon Alley companies has helped generate a great deal of excitement about this year's conference," said New York City Economic Development Corporation (EDC) President Charles Millard. "The City has worked closely with a number of these recent IPO success stories, and we are confident that this conference will help draw attention and investment to more emerging Silicon Alley firms."
EDC will host the event at Times Square's Marriott Marquis Hotel from June 21-23, where the City's most promising entrepreneurs will present their business plans to investors. Conference sponsors include PriceWaterhouse Coopers and Brobeck, Phleger & Harrison LLP. Conference organizers are Strategic Research Institute (SRI) and the New York Venture Group.
Companies interested in making a business presentation or exhibiting at this year's conference should contact the Strategic Research Institute at 212-967-0095 or e-mail EDC at info@newyorkbiz.com. Mayor Giuliani started the conference in 1996 as part of the City's continuing efforts to promote business growth and investment in New York City.
EDC is the City's primary vehicle for economic development services. Using its real estate and financial resources, EDC helps develop businesses and create jobs throughout the five boroughs.
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