The document discusses investing trends in New York City over the past year compared to previous years. It notes that the amount of investments in NY-based companies has increased significantly from 2009 to the first quarter of 2014. It also discusses that the number of startups evaluated by the author has grown substantially in recent years. While startups in NYC are more expensive than other locations like San Francisco, some large companies have raised hundreds of millions of dollars in new funding. Overall, investing in NYC continues to accelerate and diversify across industries, with many companies poised for IPOs.