# More Great News for NYC's Startup Ecosystem: NYC SeedStart

**Published by:** [Continuations](https://continuations.com/)
**Published on:** 2010-01-27
**Categories:** seed capital, new york city
**URL:** https://continuations.com/more-great-news-for-nycs-startup-ecosystem-nyc-seedstart

## Content

Congrats to Owen Davis and everyone else involved for launching NYC SeedStart 2010. I have long argued that there is no such thing as too much seed capital and SeedStart is a terrific addition. It is amazing that until now New York City did not have such a program, given the success of YCombinator, TechStars, Dreamit, Launchbox, SeedCamp, FBFund Rev and others. I am also thrilled to see that NYC SeedStart has adopted a simple financing model - $20,000/team for 5% of the company. Now very much looking forward to the first crop of companies!

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