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New York Entrepreneur Week Launches the Most Encompassing Entrepreneurial Movement in New York State History

NYEW Unites the "Entrepreneurial Ecosystem," Connecting 1000's of Entrepreneurs From Around the World With Top Investors, Politicians and Key Entrepreneurial Resources

NEW YORK, NY -- (Marketwire) -- 10/08/09 -- Today marks the official launch of New York Entrepreneur Week (www.nyew.org), the first and largest statewide movement unifying the most important entrepreneurial groups with the vastly diverse entrepreneurial community. Taking place from November 16-20, 2009, NYEW will feature 350 all-encompassing events including; keynote speeches from recognized business leaders, expert panels offering relevant mission-critical advice, third party events and the movement's flagship RELENTLESS business plan competition.

Unlike diluted start-up or small business events, NYEW is New York State's premier forum joining together founders, angel investors, venture capital firms and top connectors from around the world and across diverse industries. NYEW brings together groups ranging from enterprising young idea-stage innovators to hundred million dollar revenue generators. The NYEW movement provides the framework and catalyst for conquering New York's economic challenges by aggregating disparate entrepreneurial stakeholders from around the state with remarkable entrepreneurs from around the world.

NEWS FACTS:

-- Featured, confirmed speakers include:

- David S. Rose, Founder of Rose Tech Ventures, Chairman & CEO of Angelsoft

- Marc Ecko, Chairman & CEO of Marc Ecko Enterprises

- Steve Mariotti, Founder of the Network For Teaching Entrepreneurship (NFTE)

- Alexandra Wilkis Wilson, Co-Founder & CMO of Gilt Groupe

- Barry Silbert, Co-Founder & CEO of SecondMarket

- Scott Heiferman, Co-Founder & CEO of Meetup.com

-- NYEW is a 501c(3) non-profit organization founded by 26-year-old serial entrepreneur Gary Whitehill. Inspired by the TED conference and Renaissance Weekend, Whitehill is empowering entrepreneurs from around the world to "Stand Up and Come Together" at the worldwide hub of business, commerce and innovation.

-- NYEW is the largest aggregator of entrepreneurial events in the world during Global Entrepreneurship Week, slated to have over 350 events throughout Manhattan, Brooklyn, Queens, the Bronx, Syracuse, Rochester, and Binghamton.

-- NYEW is the only event in New York State to unite entrepreneurs with real, local, regional and international funding sources. These groups include: angel investors, venture capital firms, banks as well as non-profit and public sector agencies.

-- An astounding 89% of all venture capital funding from NY-based venture capital firms, distributed during the first half of 2009, went to companies outside of the state.

-- According to the Small Business Administration, New York State is home to 1.8 million small business owners who bring in roughly $77 billion in revenue and 3.8 million jobs to the state each year.

-- In New York City, there are 220,000 small businesses. This year is critical for entrepreneurs, as the local unemployment rate has reached 10.3% and continues to climb. Furthermore, it is possible that 50% of new businesses will fail without the appropriate support.

-- NYEW is expanding into five states within five years. This year, NYEW brings together top speakers from 50 cities, 18 states and three continents. Special guest speaker from Mexico will be Luis Antonio Marquez, board of directors, Mexican Venture Capital and Private Equity Association (AMEXCAP).

To become an active part of this year's NYEW events during Global Entrepreneurship Week, visit

http://nyew.org/index.php/events/partner-events/partner-event-suggestions/

http://nyew.org/index.php/events/partner-events/partner-events-sign-up/

QUOTE:

"NYEW was founded because I saw the interconnectivity of New York's entrepreneurial ecosystem and the many dynamics facilitating its collapse. In the first half of 2009, an astonishing 89% of venture capital funding left the state and went to other funding hubs such as Silicon Valley," said Gary Whitehill, serial entrepreneur and founder of NYEW. "I knew there must be a way to construct a healthy ecosystem throughout the state and solidify the entrepreneurial community as a collective whole. So at the age of 25, I left the consulting firm I co-founded and set out on a quest as a social entrepreneur. I did so because I firmly believe NYEW is the way to bring New York's entrepreneurial ecosystem to a level where less then 50% of the venture capital funding is leaving the state."

About New York Entrepreneur Week:

NYEW is a 501c(3) non-profit organization founded by 26-year old serial entrepreneur Gary Whitehill. NYEW is the first of its kind in New York State, and is also the largest aggregator of entrepreneurial events in the world during Global Entrepreneurship Week. NYEW provides a framework and the catalyst for conquering New York's economic challenges by aggregating the most important disparate entrepreneurial stakeholders so that founders, angel investors, venture capital firms and New York's top connectors can learn, grow, network and leverage opportunities to do what they do best: drive economic change in exponential ways. Taking place throughout the week are over 350 events across the state from November 16-20th, 2009. NYEW consists of five days of innovative and hyper-targeted events, including: inspiring keynote speeches from recognized business leaders, riveting panels delivering relevant mission-critical advice, third part events and its flagship RELENTLESS business plan competition. The week will unite the state's diverse entrepreneurial community and provide an educational experience for all entrepreneurs -- from enterprising young idea-stage innovators to hundred million dollar revenue generators. For more information, visit www.nyew.org.

Links:

http://nyew.org/index.php/about/nyew-videos

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