Calling all New York startups: starting next month, Silicon Valley’s iconic Sandhill Road will be coming to you.
“Startups do these quick trips out to the Valley where they have 20 meetings over two days, jumping from firm to firm just saying hi,” says FundersGuild’s Josef Feldman. “You get this concentration of VCs in one area so you can optimize your time and efficiency.”
For better or for worse, the New York startup scene is not so organized. So why not gather the city’s best startups in one place and handle all of the logistics so that the only thing VCs have to do is show up? (If this doesn’t get more Valley money flowing into NYC startups, I don’t know what will.)
FundersGuild is working with a handful of co-working spaces and startup networks in New York, such as WeWork and Techstars, to spread the word about the program to local companies. Founders can apply on the Sandhill.nyc site, and the group will curate a list of companies for VCs to choose from before they fly out.
“It’s all self-funded, and free for everyone,” says Feldman. “We’re just doing it as a way to bolster the tech community.”
The program will run through the month of October, and participating firms include Sequoia, Andreessen Horowitz, Lightspeed, CRV, Crosslink Capital and many more.