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NYC Tech Echosystem Projections | Fred Wilson | Talks at Google

NYC Tech Echosystem Projections | Fred Wilson | Talks at Google

26 segments available

A conversation with Google's Craig Nevill-Manning about where the NYC tech ecosystem is heading. Fred discusses his views on what makes NYC a unique and fertile ground for tech innovation. He also talks about what he's done to bootstrap several major initiatives that expand access to Computer Science education in NYC public schools. On Sept 16, 2015, a week after the taping, Fred's foundation CSNYC and the NYC Mayor's Office announced Computer Science For All, a 10-year, $80 million plan to bring computer science education to every single student in New York City public schools. Learn more: http://www.csnyc.org/computer-science-all Fred Wilson is a managing partner at Union Square Ventures and chairman of CSNYC (NYC Foundation for Computer Science Education)

Segments Timeline

1
0:04 - 2:01
1:56 duration373 words

Fred Wilson: A Venture Capital Pioneer

Fred Wilson shares his journey into venture capital, detailing his educational background at MIT and Wharton, and his early career in New York. He discusses the evolution of the tech ecosystem in NYC and his role in shaping it, emphasizing the importance of his contributions to the city's startup culture.

"so thank you Fred for coming along many of you will know in fact probably all of you know quite a lot about Fred at least from his public persona if not his blog then his amazing work and venture capi..."

2
2:01 - 3:56
1:54 duration351 words

The Shift to Venture Capital

Fred explains how his move to New York in the early 80s led him to venture capital. He reflects on the lack of tech opportunities in NYC at the time and how he combined finance with technology to carve out a niche in the venture capital landscape, ultimately leading to a successful career.

"coming so so I'm kind of interested first off you you were kind of in vegetable early it seems like like how did you fall into that did we was that your focus does that something he happened into you ..."

3
3:56 - 6:24
2:28 duration434 words

NYC's Tech Evolution

Fred discusses the dramatic changes in the New York tech scene over the past two decades. He highlights the growth of venture capital firms and the increasing attractiveness of NYC as a startup hub, noting its emergence as a significant player in the tech sector, second only to Silicon Valley.

"didn't do it for close to 30 years and and you're right I was I was he said I didn't know anything and I got into the venture business and you had a write software right right but back then that was l..."

4
6:24 - 9:17
2:52 duration544 words

Why New York? The Unique Appeal

Fred reflects on the lifestyle and cultural diversity that make New York an attractive place for tech entrepreneurs. He contrasts the vibrant social life and varied professional backgrounds found in NYC with the more homogeneous tech culture of Silicon Valley, emphasizing the benefits of this diversity.

"it's probably the second most active startup hub after Silicon Valley and and that's that's that's big deal yeah yeah so what is it about New York that you mentioned your wife really wanted to be here..."

5
9:17 - 11:46
2:29 duration471 words

Challenges Facing NYC's Tech Ecosystem

Fred identifies key challenges that the New York tech ecosystem faces, particularly the shortage of engineering and product management talent. He discusses the need for a stronger talent pool to support the growing demand from startups and the importance of addressing this issue for future growth.

"York has going for it it's no more expensive to live here than it is to live in Silicon Valley that's not to say it's I mean it's ridiculous to live in New York that's our biggest problem I think prob..."

6
12:38 - 14:43
2:05 duration315 words

Successful NYC Tech Companies

Fred Wilson highlights successful independent tech companies in New York City, such as Etsy, MongoDB, and Kickstarter. He discusses the importance of having a solid business model from day one and how this characteristic has contributed to their sustainability and growth.

"really important right right so drilling in may be a little bit to your your portfolio companies or maybe more generally to companies founded in New York City what do you what do you see is a big succ..."

7
14:43 - 16:10
1:26 duration293 words

The Importance of Computer Science Education

Wilson shares his personal journey of learning to code and how it transformed his career. He emphasizes the significance of computer science education in K-12 schools and his philanthropic efforts to expand access to coding skills for students in New York City.

"right so so you mentioned the talent problem and with respect to product managers and and you know we've you're pretty interested in general in how do we solve how do we create more computer science e..."

8
16:10 - 19:04
2:54 duration538 words

Breaking Barriers in Computer Science

Fred Wilson discusses the misconceptions surrounding computer science education, particularly the belief that only top achievers can learn it. He advocates for making coding accessible to all students, regardless of their academic background, and highlights the transformative impact it can have on their lives.

"available to as many people as possible so that's where it comes from there was also frankly a self-interested piece of it which is hey if we have more organic talent pool to pick from then you know w..."

9
19:04 - 21:14
2:09 duration427 words

Volunteer Opportunities in NYC Tech Education

Wilson outlines various volunteer programs aimed at teaching computer science to students in New York City. He highlights ScriptEd and TEALS as key initiatives that not only provide education but also offer internship opportunities, encouraging community involvement in tech education.

"really curious about how do I make a program on my smartphone like and you teach them how to do it and they just boom the world lights up for them and right and all of a sudden someone called it super..."

10
20:50 - 22:13
1:23 duration251 words

The TEALS Program: Co-Teaching in Action

Fred explains the TEALS program, which pairs software engineers with teachers to co-teach computer science classes. He discusses the benefits of having real-world engineers in the classroom to help students overcome challenges, particularly in advanced placement courses.

"an in-school program and that's that's a and then cool thing about script ed is they teach kids software engineering and then the best performers get the opportunity to go into summer internships that..."

11
22:13 - 23:01
0:47 duration165 words

The Role of Government in NYC Tech

Fred shares his perspective on the role of New York City's government in supporting the tech sector. He praises the Bloomberg administration for recognizing the importance of tech and continuing to promote favorable policies, while noting that the current administration may not have the same intrinsic understanding of the tech landscape.

"I think where that's that model likely is headed is probably more into the world of AP because what's happening in computer science education is that that it is it is it is now really a growth thing a..."

12
23:01 - 24:29
1:28 duration340 words

Future of Volunteerism in Tech Education

Fred discusses the potential for expanding volunteer opportunities in NYC's tech education landscape. He emphasizes the importance of making volunteer commitments manageable and suggests that smaller, bite-sized contributions could encourage more people to get involved.

"like the idea of teaching alongside and a real actual teacher because they know how to like keep the classroom in kind of good form because that turns out not to be trivial you do classroom management..."

13
24:29 - 25:12
0:43 duration153 words

Google's Impact on NYC's Tech Scene

Fred reflects on Google's significant contributions to New York City's tech ecosystem. He describes how Google's presence has attracted talent and fostered a collaborative environment, benefiting both established companies and startups.

"gonna go we've got we've got more work to do and one of things that we probably need to do is use technology you've got these portals where you you show volunteer opportunities to your brought your wo..."

14
25:12 - 26:32
1:20 duration239 words

Real Estate and Tech: A Complex Relationship

Fred discusses the intertwined relationship between real estate and the tech industry in New York City. He notes that significant investments in real estate have drawn attention to the tech sector, highlighting the importance of physical presence in fostering innovation.

"mean to me my partner Albert calls Google's New York office team the gift that Google gave New York and you know I I think that a lot of what we talked about could not have happened without Google mak..."

15
26:32 - 27:30
0:58 duration182 words

Government's Role: Support or Hindrance?

Fred shares his libertarian views on government involvement in the tech sector, suggesting that minimal interference is beneficial. He acknowledges the positive steps taken by past administrations to support tech growth while noting the challenges faced by the current leadership.

"estate so even funny the great presidential campaigns or the there you go I hadn't even thought about that and that's absolutely true so so you mentioned government so from your point of view how's th..."

16
27:30 - 30:03
2:32 duration396 words

Investing in the Future: Emerging Technologies

Fred discusses his firm's interest in various emerging technologies, including healthcare, education, and next-generation broadband infrastructure. He highlights innovative projects like wireless mesh networks that aim to improve connectivity in urban environments.

"great job of amplifying all of that and cheerleading it and in truly thing's a big deal like particularly you know from City Hall to be able to shine a bright light on this that's helped a lot and tha..."

17
30:08 - 31:02
0:53 duration143 words

Innovative Wireless Mesh Networks

Fred describes a unique investment in a Portuguese company creating wireless mesh networks for cities. He explains how this technology uses mobile protocols to provide city-wide connectivity, showcasing an alternative approach to broadband infrastructure.

"that the economics of fiber and alternative wireless infrastructure it's really quite good we got this really cool company that's not here in New York in Portugal what we found them in Portugal that i..."

18
31:02 - 32:09
1:06 duration196 words

Blockchain Beyond Cryptocurrency

Wilson explores the applications of blockchain technology beyond finance, particularly in privacy and security. He discusses the potential for blockchain to securely store logins and passwords, emphasizing the need for user-friendly solutions.

"that you know whether or not that company would be successful you know it's an example of you know an alternative approach to doing wireless broadband that was was very interesting to us so those are ..."

19
32:09 - 33:11
1:02 duration228 words

The Maturation of Bitcoin and Blockchain

Fred reflects on the evolving perception of Bitcoin and blockchain technology, pondering whether it will become a standard like TCP/IP or fade away. He discusses the importance of understanding its potential and the challenges it faces.

"another area that we've been poking around but until your point it seems like one of the challenges is making this stuff understandable to people and presented it in a way that that's kind of more con..."

20
33:11 - 34:45
1:33 duration282 words

Drone Technology and Its Applications

Wilson introduces DroneBase, a company that connects clients with drone pilots for various applications. He highlights the surprising number of use cases for drone technology in industries like real estate, construction, and agriculture.

"possibilities or is it gonna be something that ultimately was you know a really great piece of engineering they probably had IBM couple IBM people solving quietly when you say token ring and another a..."

21
34:45 - 36:02
1:16 duration218 words

Drones: The Gateway to Robotics

Fred discusses the adoption of drones as a form of robotics, noting their ease of use compared to ground-based robots. He believes drones represent a significant mainstream application of robotics in society.

"like oh do you mean that I could have somebody come do a scan of my facade to make sure that I'm in compliance with local law five and I'm like I don't know I think so yeah another application yeah ye..."

22
36:02 - 37:11
1:09 duration175 words

Balancing Optimism and Reality in Tech

Wilson expresses concern about the overly optimistic mindset in the tech industry, urging awareness of societal challenges like global warming and terrorism. He emphasizes the need for a balanced perspective on technology's role in addressing these issues.

"anything else you'd like to share with us anything we haven't covered that that you excited about all you're worried about or well you know you know III would say that I worry that the world we live i..."

23
37:11 - 39:54
2:42 duration490 words

Teaching the Fundamentals of Coding

Fred advocates for teaching the fundamental skill of instructing machines rather than focusing solely on coding languages. He highlights the importance of understanding how to communicate with technology effectively.

"technologies coming along like like the blockchain other things that you know we can get excited about and and and so I always worry you know that something's gonna come out of left field and and and ..."

24
39:54 - 41:07
1:13 duration177 words

Insights on the Indian Startup Ecosystem

Wilson shares his perspective on the Indian entrepreneurial community, noting its significance and sustainability. He discusses the challenges of investing in regions outside his firm's typical focus, emphasizing the vibrancy of India's startup scene.

"the thing I want us to be teaching I have this question regarding your views system are you involved in it how do you see it going and well so I don't know what about the Indian startup ecosystem beca..."

25
41:42 - 43:44
2:01 duration338 words

Political Will for Infrastructure Solutions

Fred addresses the challenges facing New York's transit system, particularly the need for new infrastructure like tunnels. He calls for tech companies and major employers to advocate for political action to resolve these issues, stressing that the solution lies in political will rather than technical or financial barriers.

"generating a lot of the growing vitality over there transit so I live in New Jersey has too many people here and between the devastation of Hurricane sandy and then hurricane Christy I guess in the op..."

26
43:44 - 47:15
3:30 duration655 words

Building Tech Ecosystems in Underserved Areas

Fred shares his thoughts on expanding tech education and resources to underserved boroughs in New York City. He suggests leveraging existing organizations and community resources to foster interest in technology and coding, highlighting the role of local libraries and partnerships with tech education providers.

"you know we're now we're set back whatever five seven years but it not set back forever one last question hey there so Fred thank you so much again for coming here I'm a huge fan I've been lurking on ..."