Yahoo’s acquisition of Tumblr was not only a win for Tumblr’s investors and founders but for the New York tech scene as well. As before yesterday New York never had a billion dollar startup that was venture-backed.
CB Insights reports New York’s 10 Biggest Venture Capital Exits, as you can see below with Tumblr leading the way.
It will be interesting to see if other New York startups such as Foursquare, Meetup and Fab will join the list or billion dollar exit in years to come.
