{"id":40033,"date":"2012-05-11T09:05:00","date_gmt":"2012-05-11T05:05:00","guid":{"rendered":"http:\/\/localhost\/?p=40033"},"modified":"2012-05-11T09:05:29","modified_gmt":"2012-05-12T05:05:29","slug":"canadian-startup-relocating-to-new-york-city","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/canadian-startup-relocating-to-new-york-city","title":{"rendered":"Canadian Startup Relocating to New York City"},"content":{"rendered":"<p><img decoding=\"async\" style=\"margin: 15px; float: right;\" src=\"http:\/\/farm9.staticflickr.com\/8018\/7177151802_26c04b1030.jpg\" alt=\"\" width=\"300\" \/>According to a <a href=\"http:\/\/www.techvibes.com\/admin\/blog\/edit\/http:\/www.businessinsider.com\/fast-growing-start-up-decides-to-relocate-to-nyc-after-business-insider-startup-2012-event-2012-5#ixzz1uZza1dQX\">report on Business Insider today<\/a>, Vancouver&#8217;s nomorerack.com is setting up shop in New York City. No word on whether their 30 employees will be going with them.<\/p>\n<p>Nomorerack&#8217;s goal is to become the TJ Maxx of the web by cutting out all the middle men &amp; overhead in between a household product and the consumer. They offer multiple items covering&nbsp;home, electronics, women, men and kids categories on deep discounts every day.<\/p>\n<p>Nomorerack is currently selling 8,000 items a day, 5 items a minute, and already has 4.5 million subscribers and projects doing $100 million in revenue in the coming year.<\/p>\n<p>So why are they moving to NYC? Three reasons according to co-founder Melina Ash:<\/p>\n<p><!-- pagebreak --><\/p>\n<p><strong>1) Recruiting top talent:<\/strong> &#8220;The type of people they want to recruit and have in the company to reach the next level of growth are in New York City&#8221;.<\/p>\n<p><strong>2) NYC&#8217;s tech scene:<\/strong> &#8220;They see New York as the place to be if your an e-commerce start-up. &nbsp;The eco-system of brands, retailers, suppliers, wholesales, and designers cannot be found anywhere else outside of New York City. &nbsp;Add to that the rising tech scene, and you have a perfect place for commerce startups&#8221;.<\/p>\n<p><strong>3) International Growth:<\/strong> &#8220;As Nomorerack grows not just in the US and Canada, they see New York as an ideal launch pad for their international operations&#8221;. &nbsp;<\/p>\n<p>Nomorerack has already leased 10,000 square feet of office space near Union <span class=\"hidden_link\">Square<\/span>. So if you&#8217;re looking for cool new space (see photo) for your growing startup in Vancouver, get on the phone with your commercial real estate agent now.<\/p>\n<p><em><strong>Update: Techvibes has been contacted by Nomorerack VP <a href=\"http:\/\/www.linkedin.com\/pub\/vipesh-agarwal\/44\/b02\/2a6\">Vipesh Agarwal<\/a> who confirmed that they are relocating their headquarters to NYC while &#8220;keeping their Vancouver team intact and building up an additional team in New York.&#8221;<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a report on Business Insider today, Vancouver&#8217;s nomorerack.com is setting up shop in New York City. No word on whether their 30 employees will be going with them. Nomorerack&#8217;s goal is to become the TJ Maxx of the web by cutting out all the middle men &amp; overhead in between a household product [&hellip;]<\/p>\n","protected":false},"author":1358,"featured_media":40035,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-40033","magazine","type-magazine","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/40033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/1358"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/40033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/40035"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=40033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=40033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=40033"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=40033"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=40033"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=40033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}