Over the past few years, New York City has become a hotbed of startup activity. On Tuesday, the First Round Capital team took a tour of incubator spaces to survey the NYC scene.

A seed and early stage venture capital firm, First Round already has 15 New York based startups in its portfolio including Hot Potato and 33Across. “We typically fund PowerPoints, we fund prototypes, we fund pre-revenue prelaunch companies all the time,” managing partner Josh Kopelman said. With an average initial investment of $600,000, according to Kopelman, the fledgling startups coming out of the incubators are prime investment targets for First Round as they open up their New York City offices.

Kopelman was accompanied on the trek by First Round managing partners Howard Morgan and Chris Fralic, with entrepreneur in residence Charlie O’Donnell, principal Phin Barnes, and general counsel Doug Bernstein also on hand. The group made their way by foot through the cold New York air to 8 different facilities in Manhattan including Sunshine Suites, Rose Tech Incubator, and the NYU/Polytechnic Incubator. The spaces were surprisingly plush, specifically Sunshine’s Tribecca location. While on the lookout for potential investments, several members of the First Round team were impressed with the workspaces, remarking how ideal they were for portfolio companies looking to conserve cash.

Amongst the startups that spoke with the First Round team throughout the day, the most compelling companies were creating disruptive technologies intrinsically linked to New York’s economy and fast paced mindset. One of the more impressive offerings was DrChrono, a SAAS medical practice management platform that provides web-based scheduling, medical record management, billing, and practice analytic tools. The service is secure and can help doctor’s communicate with their patients, staff, and insurance companies to streamline the onerous task of running a medical practice. I found the ability to automatically send email, text, or phone appointment reminders to be a particularly useful feature, communicating with patients on the medium they use.

Another promising startup was Aerocity Wind. Aerocity builds vertical wind turbines to be placed on existing structures. Horizontal wind turbines are more prone to break and fall, can be nosy, and would disrupt the architectural aesthetic of a building. Aerocity turbines  are more suitable for the turbulent environment atop skyscrapers, generating power in a  safe, quiet and efficient manner that can be consumed by the building or sold back to utilities at near market rates. The company is also developing software that will tell building owners where to place turbines to optimize production amidst the obstructions of a vertical city.

Already the finance capital of the world, New York City is also home to a few noteworthy startups in that space. One such company was Hedgeable, an investing analytics product targeted at high net-worth investors. The company’s free retail service, which provides investors with tools to track their portfolio’s performance and risk profile, is already managing approximately $300 million in funds. Investors can pay for a premium service, with premium users on average managing $200,000 through the system. The service is integrated with several online brokerage services including Etrade, TDAmeritrade, and Fidelity Investments.