The City That Never Sleeps is the perfect home for startups . Nowhere else is there so much passion, ambition, and raw talent. Not even the high commercial space rental rates are enough to dampen the entrepreneurial spirit.
Some of the hottest startups in the country are calling NYC home base, and investors as well as job seekers should keep a sharp eye on the up-and-comers. This year could be the best yet, and with a Manhattan address, the sky(-scraper)’s the limit.
The definition of a “hot startup” can vary greatly, whether we’re talking about a business that has some serious clout behind it (such as Ashton Kutcher), an obviously revolutionary product or service, or simply a dream team that has everything necessary to make a successful launch.
Check out these five promising NYC startups and find out why you may want to keep an eye on them in 2014.
1. What’s a picture worth?
According to angel investors who have poured $600,000 into Picturelife, the answer is quite a bit. An infant of a startup founded in 2012 by a trio of friends, this self-proclaimed “Flickr killer” is committed to making photo storage easy to do and to consolidate.
Charles Forman, Nate Westheimer, and Jacob DeHart have created a simple way to organize, store, and access photos safely from any platform. In order to connect all storage hot spots, from phones to cameras, the group has strong entrepreneurial backgrounds (including Threadless, OMGPOP, and Draw Something), so they know exactly what they’re doing.
2. Let’s get it percolated
Percolate is a startup that helps curate content for brands that is specifically relevant to their customers. With $1.5 million from angel investors and venture capitalists, Noah Brier and James Gross founded this company in 2011.
Boasting high profits, the company works with all industries, from gorgeous botanical gardens to clothing retailers.
3. Just loverly
Loverly is an innovative wedding portal founded by Kellee Khalil in 2011. It taps into a major network to enjoy massive traffic and advertising sales to smaller publishers.
With $500,000 from a throng of investors, Khalil spawned 26 blogs that garnered millions of monthly page views (1.8 million of which were unique). She has the skills to get publishers seen and link brides to everything they need in a single hub.
4. Know the secret code?
With Codecademy, you will soon — especially with techies like Ryan Bubinski and Zach Sims at the helm. This 2010 startup is quickly becoming the go-to online tool to teach basic coding to anyone… even your grandpa.
The duo used $2.5 million from a variety of venture capitalists and angel investors to jump-start a business that has one million users and counting. Their New Years Code Year campaign helped earn them a top spot on the list.
5. Rave reviews
MoviePass, founded in 2011, is the creation of Hamet Watt and Stacy Spikes. Backed by $1.5 million from venture capitalists, the concept is simple and brilliant: Movie fans can see as many movies they want in select theaters for one fixed price.
The set-up serves movie theaters who may struggle to fill seats as well as movie lovers who have been battling high ticket costs for years. Watch out, Fandango.
There are many more startups to watch in coming years, but these are the cream of the crop for now. However, there’s no telling what’s in store in the coming months.