Ask HN: Founding a startup in New York City?

I'm not sure of the prices in Dublin, but this I found that the cost of living in NYC is a bit over exagerated compared to other places in the NYC metro area.

I live about 2.5 hours from NYC and I pay $1400 a month for rent. I also pay $120 for car insurance, $20-50 a month on average for car maitenance, and around $300 a month on gas. Excluding car payments (I have a relatively old car that I have paid off). So my total cost of renting + a car is around $1850. I absolutely can get an apartment in Manhattan for that price that I would like, I've been in several. Obviously in Manhattan, I wouldn't own a car so thats why the comparison holds.

(I assume that utilities, TV, internet are basically constant no matter where you live).

Food is the big X factor. I can't quite figure out what the cost difference is. When I worked in Manhattan I ate out for lunch and it was generally around $10, sometimes more and sometimes less. My lunch now is around $7. Should I extrapolate that across my food budget? That makes me think it is going to be an extra $200 a month. I really don't know.

I think the cost of living gets so skewed because people try and compare price for a square foot. Right now I live in a 3 bedroom condo with a garage, a dining room, a laundry room, 2.5 baths, etc. I pay $1400 for that. But if I moved into NYC I'd have a 1 bedroom or a 2 bedroom and a roommate. Obviously if I wanted the same interior space I'd pay an enormous amount. But I don't need all that room. I don't even use it all now. So you have to compare lifestyle not the physical dimensions. In my current house, my family room is enormous and has a fireplace (that I never use). Do I need to be 15 feet from my TV? Of course not. It probably would look better if it I was closer. If you put me in the typical NYC family room, my couch will be 3' from the TV. I've lost a lot of space, but functionally the room is exactly the same. I still get the same enjoyment out of the place and the same utility.

A lot of people walk into a tiny NYC apartment and say, this is so SMALL! How do you even live here! But frankly, it just doesn't matter.

Everyone mentions the prices in NYC and Brooklyn, but living in the often forgotten borough Staten Island I pay $800 for a 1 bedroom apartment right at the water, with a Manhattan bound bus minutes away. I have the luxury of privacy since I don't need a roommate, and things are a lot more quiet and peaceful here and for me personally, I enjoy coming home to that after spending 12 hours coding away in the city - I have unwinding time on the bus and then just relax without all the city noise.

I found this apartment via craigslist.org - I think that will be the easiest route to go without dealing with an overpriced realtor.

Right now we have a two-person office at WeWork on 34th. $1,000 per month, month-to-month lease, decent facilities (conference rooms, phones, printers, etc.) About what you'd pay renting desks at another company, less than you'd pay for shared space at an incubator. I'd start with a short-term office rental like we've got, or possibly a sublet. Commercial leases in Manhattan are a pain in the ass.

Manhattan is expensive; the further you go from Manhattan, the lower the rent. I live in Hoboken, right across the river in New Jersey. New Jersey carries a moderate stigma (snotty Manhattanites won't travel there) so you end up getting more for your rent. I wouldn't overlook it if you're trying to save money, as long as you're walking distance to a PATH station. (The PATH train runs 24 hours, just like the NYC subway, except it's slightly cheaper and cleaner.) I used to live on 138th St. in Manhattan, and now I have the same amount of space in a nicer neighborhood for less money - and my commute to the relevant parts of Manhattan is both shorter and more pleasant.

The tech community's there if you want it, but it's not omnipresent like it is in San Francisco. If you put in an effort to meet people you'll be fine. I wouldn't describe it as 'more cut-throat' at all. People are both nice and social.

Recruiting is brutal. Then again, I hear recruiting in San Francisco is also brutal.

Health insurance is a pain. If you've got real funding, a professional employer organization (PEO) like Ambrose is the way to go - they take care of payroll and health insurance. If not, talk to a broker and get something with a high-deductible - you're getting it in case of catastrophe, not for every sniffle. Don't go without.

I'm an immigrant, but I had my permanent residency sorted long before I started starting companies, so I can't help much there. I can tell you that as a Canadian, I found U.S. Citizenship and Immigration Services inefficient and irritating to deal with, but not malevolent. They'd probably have a similar attitude towards you - Ireland's a first-world country. Just be completely honest and make sure your paperwork is perfect.

If you do relocate, send me an email, and we'll get lunch.

On the contrary to what you ve heard, there is a huge startup network in NYC. You ll have the support you seek when you need it. Everything else is just expensive.

Most of the questions you asked have been answered already. So I ll give you some pointers about the housing question.

1. Craigslist. - http://newyork.craigslist.org/ 2. Padmapper - http://www.padmapper.com - maps all the apartments on craigslist. 3. http://www.nybits.com - for apartment listings from building managers.

The average "decent" studio apartment in Manhattan will cost you anything from $1000 - $3000. It might be a little lesser if you get a bigger place and share. Living costs are very high, but the fact that you could go shopping for groceries across the street at 3am makes up for it.

Office space with walls is limited but there's lots of coworking space - check out loosecubes.com to search it. Private reserved desks are ~$500/mo.

Apartments: nybits.com / streeteasy.com / nakedapartments.com. Look for no fee apartments. Brokers here take 15% of your annual rent as a commission and renters generally have to pay that. They'll also want to make sure you make 40x your rent. For example, $2500/mo apartment (~650sq ft in Manhattan) == prove you make $100k/yr with 2 years of tax returns, financial statements. If they could take a blood sample I think they probably would.

For camaraderie, go to events at GeneralAssemb.ly, check out meetups, check out Hackers & Founders.

If you're speaking with investors, and are good about networking with funded startups chances are you can get office space for free for several months.

Regarding rent, you'll be paying a lot, and finding an apartment in NYC is a grueling process. But, there's a reason rent is high -- people love NYC!

It's true that apartments are expensive in NY, but they're also similarly expensive in San Francisco, and parts of Silicon Valley (Palo Alto).

There's a lot of affordable co-working spaces in NYC if you want some sort office to start, but the most ideal space might be your apartment anyway.

You can also choose to live a little further out of the way if you're trying to save money - like in Queens, Brooklyn, or Jersey City. Depending on proximity to the subway etc, it can be just a 15 minute commute to Manhattan from any of these areas.

On the flipside, what's it like to move to NYC to be one of the first employees for a startup? Anyone have any experience doing that?

There are many resources for you, especially as the community continues to grow. I haven't experienced much of the cut-throat attitude at all. In fact I have gotten a tremendous amount fo support and advice from many in the community here over the past year.

I'd suggest starting off in a co-working space since you can share resources and get help, instead of siloing yourself in a separate office.

Some resources to check out include:

Working Spaces

General Assembly - http://generalassemb.ly

New Work City - http://nwc.co

We Work Labs - http://weworklabs.com

DogPatch Labs - http://dogpatchlabs.com

LooseCubes (search for a place) - http://loosecubes.com

Email Events Lists

Startup Digest - http://startupdigest.com

This Week In NYC Innovation - http://bit.ly/nycinnovation

Other

Ohours - http://ohours.org

Meetup - http://meetup.com

NyHacker - http://nyhacker.org

Startup Weekend - http://startupweekend.org

Lean Startup Machine - http://theleanstartupmachine.com

I founded BankSimple in NY. I'm an Australian immigrant, and my co-founder is Indian. We pay less than $2k/mo for rent for an awesome office in Brooklyn, we had 10 people in the office over summer. Most of my team lives in Brooklyn, where things are much more affordable, but you are still likely to be paying over $1600/mo for a small apartment.

I've never lived in SF, but as I understand it, it is not much cheaper.

There is a great community of tech startups, but they tend to be around the Union Square area in Manhattan. I spend a bunch of time meeting up with folks around Union Square, but its only a 15min train ride in from Dumbo in Brooklyn. Meetup is based here and there are a ton of tech and startup meetups. You wont find yourself lacking for social support as you build up your business.

I love NY. There is a fantastic culture of getting shit done. The city is cut throat, but that is inspiring. Everyone is on a mission. And its not all about technology. You meet inspired folks from all walks of life. Talented designers, musicians, financiers, advertisers, chefs and architects.

I'm going to miss NY. My company is heading to Portland, but I hope to bring the best of NY to Portland.

There's lots of good advice in this thread already but I would add a pitch to take a look at Brooklyn. While not cheap, it's generally way less expensive than manhattan and there's an awesome mixed community of people from all kinds of different backgrounds.

As far as office space, there are are couple of co-working spaces mentioned already, but there's also a great place called GreenDesk [1]. GreenDesk lets you rent anything from a single desk to an office for 6-7 people, it's relatively inexpensive, it's month to month so you're not locked into a lease, and it's in a pretty nice neighborhood with good subway connections.

Finally as far as culture, I'd say the NY tech scene is a more fractured than SF (there's a lot of finance folks here who usually don't interact much with the startup world) but within the startup space it's very active and friendly. One of the best things you can do to get involved and to get to know people is go to various meetup groups [2]. There are groups for virtually every neighborhood, specialization, and technology.

Good luck with the move and hopefully see you around NYC soon!

[1] http://greendesk.com/index.html [2] http://www.meetup.com/find/?userFreeform=10001&radius=5&...

I came back to the US after living in Paris, France and have had nothing but amazing support from the NY tech community.

I work out of General Assembly, and have found the network to be really supportive. In general, I think the community is smaller than in SF (from what I'm told) but seems actually pretty tight knit. People are willing to help you get to where you need to go, to be sure.

The fact that things like Kickstarter and Skillshare were founded in NY attest at least some to the idea of community based collaboration and support.

Definitely couldn't have asked for a better start for our project Good Karma than in NY.

Offices in Manhattan are expensive - i'd look at shared workspaces that others have mentioned. Actually, everything in Manhattan is expensive. Brooklyn is a lot more affordable, though increasingly hot spots like Williamsburg, Greenpoint etc., are becoming just as expensive.

You should DEFINITELY check out the Startup Visa project that's being backed by big names like Brad Feld, Dave Mcclure etc. if you're looking at visa issues.

NY is fun. There's no other place in the world where people are passionately putting everything on the line to realize their dreams, failing, and trying to do it all over again the next day. It's energy incarnate.

> We'll be offered support in getting visas and such, but I'd like to hear any anecdotes about the process.

Does "support" mean "Hi, I'm the lawyer who will make this all work, like I've done dozens of time this year, so most of your contact will be with my assistant, and my fees and the expenses are already taken care of." If not, you've got a lot of work to do.

WRT moving to NY (or anywhere for that matter).

(1) Why and by how much will moving improve your chances of success?

(2) How much will it cost in time and money to move?

Is (2) less than (1)?

Seriously - the absolute best case is that you spend a week moving. The more reasonable best case is that you spend a month (preparing to move and dealing with the move after you're there will also take time). The likely case is that you'll lose 2-3 months and you could lose more.

New York is one of the most expensive place to live and work. This is not just the cost of housing, but also food, travel, and hiring. NYC is more cut-throat than SF - you know the old song "If you can make it here, you can make it anywhere." This is a problem with so many people working so hard that it is almost an uncaring attitude for your fellow man. However, NYC is where the money is and a good surrogate to Silicon Valley. New York is a very active city, and has the best mix of culture, food, and experience that you will find anywhere in the world. There is good infrastructure to live outside the city (but you will pay in time for commuting). If you do decide on NYC, I will gladly help - look me up on my profile

I'm Irish-American doing a (pre-funded) startup in Brooklyn. Living in Manhattan would be an extravagant expense for someone doing a startup. If you want to be around other Irish people, there's a great community in Sunnyside, Queens.

On Monday there's a YC meet up here in NYC where PG is going to deliver comments on NYC as a startup community. I'm looking forward to what he has to say, he criticized New York in the past as a startup hub, but since YC is having a 500 person meet up here I'd expect his feelings have changed.

I just came back from a visit to Dogpatch Labs[1], where several start ups are sharing office space. It was quite a cool space, I have to say. I'm not sure if there are others like this in NYC (I imagine this isn't the only one) but check it out.

[1] http://dogpatchlabs.com/about/

http://nyhacker.org/ ... there's plenty of camaraderie in the city. You can easily meet up with a different organized group almost every night and not run out. And a +1 for http://nwc.co as well

For workspace and a chance to network, check out some of the co-working spaces available in NYC:

http://nwc.co/ http://hiveat55.com/

You'll be able to find local people to talk to at the NY tech meetup:

http://nytm.org/

For finding real estate, rentals, rooms/sublets, Craigslist is still probably the best bet (unless you're up for Airbnb):

http://newyork.craigslist.org/

It is generally cheaper to find a place to live right outside the city in Brooklyn/Queens that is close to the subways and/or bridges (if you want to bike).

Hope that is somewhat helpful, others can comment more on startups / immigrant issues.

I can't compare to SV, but I wouldn't say there's a lack of camaraderie among NYC startups.

Apartments - check out http://padmapper.com for data. Chances are you'll be spending between $800 (in places like Astoria) up to $2400 (in nicer buildings in central Manhattan) per person, depending on your living arrangements.

Office: I think desks are usually around $1000/month, though you might find some cheaper. How many are you? I can check in with my CEO and see if we have any vacancies (we have a whole floor, most of which we sublet, at 36th and 6th). I do agree with the advice to get into a General Assembly/DogPatch/etc. if you can, though.

I just did the Leaving Cert in Dublin in June and I'm currently interning at Hunch. You'll hear a lot of people going on about just how expensive New York is, but, honestly compared to Dublin, it's cheaper or the same price for pretty much everything. New York is exceptionally expensive in comparison to the rest of the US, but, in comparison to Dublin, it really isn't at all.

As for camaraderie, the tech scene here feels very friendly and there're plenty of people helping each other out (I don't really have anything to compare it to though). Get in touch if you have any questions.

I've heard NYC startups are more interested in making money/generating revenue while SV startups are more disruptive.

I imagine the public transport will be better in any case....good luck

Another tip - combine your office and apartment unless you need a brick and mortar place for sales. Just because you have funding doesn't mean you need to spend it.

+1 to the previous posts. Only additional link I'd add is for the NextNY list - http://groups.google.com/group/nextnydigital .

You should try getting in touch with @meetforeal and @amonter5. They both came over from Ireland with a similar story and now work with us in WeWork Labs.

I lived in New York City, Sunnyvale (Silicon Valley) and San Francisco.

In California, you spend +- $800/month on car stuff... and your small apart. will eat another $1000/month...

In New York, no car is needed and you can found a shared space for a very good price...the keyword in NYC is "shared". shared apt. , shared workspace...shared girlfriend.

The most important is the people of New York City (including Brooklyn). They are amazing! It will take you a good two years to be accepted as a "local", but when you are "in", they will become your extended family... this is priceless... you won't get this in California.

I always compared New York City as a nasty girlfriend, you want to leave her because she is nasty to you, but you stick with her because the sex is so good.

I would say: do it. Then again, I'm already in New York.

Manhattan is more expensive than Silicon Valley but the "greater metropolitan area" is not as bad as the Bay Area. In California, even far-out suburbs are expensive. In comparison, you can live 45 minutes from New York pretty cheaply.