Crunchbase: SF startups hit a record of 1,404 seed deals in 2025, while the number of NYC seed deals has dropped over the past three years, to 666 in 2025 (Yuliya Chernova/Wall Street Journal)

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Yuliya Chernova / Wall Street Journal:
Crunchbase: SF startups hit a record of 1,404 seed deals in 2025, while the number of NYC seed deals has dropped over the past three years, to 666 in 2025  —  'You can't ignore San Francisco right now,' says one New York venture capitalist  —  New York venture firms are broadening their geographic reach.

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