Technology
10:31 am
Tue April 1, 2014

Miami’s Not A Top Start-Up City, Says Silicon Valley Leader

Sam Altman will be president of Y Combinator, a Silicon Valley tech start-up incubator, which has funded over 600 companies.
Credit Diego Saldana-Rojas

Hundreds of entrepreneurs and start-up enthusiasts gathered Monday for Start-Up City: Miami. The Atlantic magazine organized the conference to promote South Florida’s potential as a great place to start a tech company.

But a Silicon Valley investor whose company funded DropBox and Reddit says Miami has a long way to go. Listen to Y Combinator's incoming president Sam Altman on his impression of Miami as a start-up city.*

Correction: this web story originally stated that Y Combinator had not funded any start-ups from South Florida. The company revisited its records and found that in fact one start-up began in Miami. Double Robotics had planned on returning to Miami after getting YC funding, but instead moved to Sunnyvale, California.