New York is now the world’s number 2 startup ecosystem

Startup data benchmarking company Compass has released its second Startup Ecosystem Report. In the three years since the previous report, New York City has overtaken Tel Aviv in the rankings to become the second most significant startup ecosystem in the world, behind (of course) Silicon Valley.

Austin, Bangalore, Singapore, and Chicago all saw gains in the new ranking table, while Vancouver, Toronto, Sydney, Tel Aviv and Seattle fell. Santiago, Melbourne and Waterloo, meanwhile, dropped out of the top 20 completely.