While many of you were out at the beach or on the golf course this summer, we had a team toiling away on our latest industry report. We are very excited to present Gridley’s Guide to Digital New York — a unique and comprehensive report for investors, buyers and entrepreneurs looking for one place to quickly get up to speed on New York’s exciting, explosive digital ecosystem. In addition to this report, we have designed an “easy to use” website that lays out the information in the report (and more) in a fun, creative way. You can access this website at www.gridleydigitalny.com.

We decided to put together this report when we were out visiting companies and investors in May/June and people starting asking us about all of the “digital momentum” in NY. There was a feeling that lots was going on, but people didn’t really understand just what “it” was and how extensive “it” was. Well, four months later, we can tell you a few things about “it”:

• There has been $4 billion of capital invested in Digital NY companies since 2006.
• While the total number of Digital NY private companies probably is well over 500, we have identified approximately 280 to be included in this report. Companies in our report either have raised at least $5 million of outside capital or are prominent enough in the Digital NY scene to merit inclusion. The digital sectors we focused on are: Content,
• eCommerce, Marketing, Mobile, and Social.
• There are approximately 120 investors with a focused interest in Digital NY. This includes all stages – Seed, Early Stage, Growth, and Buyout – and includes local firms as well as firms with little or no physical presence in NY.
• There have been five private companies that have raised over $100MM of capital (Tremor Video, ZocDoc, Gilt Groupe, Tumblr, and Everyday Health) and 12 that have raised between $50MM and $100MM.

• There have been eight $100MM sale transactions of private Digital NY companies since January 2008 (Mediamind, Admeld, Huffington Post, Webloyalty, Hotjobs, Register.com, Daily Candy, and Answers.com).

The Digital NY scene is still in its early formation days with lots of growth ahead.
We believe that New York’s existing ecosystem with big traditional advertising and media companies as well as many large data and internet industry leaders all headquartered here sets the stage for the unique development of the next generation of disruptive digital companies. Nowhere else in the country is there such a blend of the “old guard” with the “new kids on the block” – all in the same city.

So, whether you are looking to buy, sell, invest, or merely “browse”, we hope Gridley’s Guide to Digital New York and our accompanying website (www.gridleydigitalny.com) will be of great use to you.