New York has become a thriving Tech startup hub, attracting investors and venture-backed companies. Previously overshadowed by the San Francisco Bay Area and Boston, New York's tech scene has experienced significant growth in recent years. Successful IPOs by companies like Datadog, UiPath, MongoDB, and Etsy have created an ecosystem that has spawned new startups and created wealth for early employees. New York was the second-highest state for venture capital investment in 2021, with $29.2 billion invested in 2,048 startups. The city's tech industry is expected to continue growing, supported by the presence of Big Tech employers and expanding venture capital firms.

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