There has been a lot of conversation recently about how Silicon Valley is no longer the best place to launch a startup. There are growing tech ecosystems around the US—Silicon Alley (NY), Silicon Beach (LA), Silicon Mountain (Denver), among others.
In a report released this week, Washington, DC-based startup incubator 1776 named Boston as the No. 1 place to launch a startup in the US, with the San Francisco Bay Area ranked No. 2. Global incubator 1776, in collaboration with the US Chamber of Commerce, used six metrics to evaluate cities: available talent, access to startup capital, industry specialization, urban density, ecosystem connectivity, and lifestyle/culture. While San Francisco is by far the leader in startup activity, the quality of life (due to high cost of living) and overall competitiveness pushed it to No. 2 on this list. Denver, Raleigh-Durham, and San Diego ranked 3rd, 4th, and 5th, respectively. This is the second edition of 1776’s “Innovation that Matters” report, but its inaugural ranking of the best cities for startups.
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