The Bay Area—that is, San Francisco and Silicon Valley—currently accounts for nearly 45 percent of total venture capital investment in the entire United States. And the Acela Corridor, spanning Boston, New York, and Washington, comprises another third. Together, these two geographic regions attract nearly three-quarters of America’s venture capital investment. And, just the five leading metros account for more than 80 percent of total venture capital investment and 85 percent of its growth over the past decade. That’s spatial inequality on steroids.
Those are the big takeaways from our analysis of new data from Pitchbook on the geography of venture capital investment across U.S. metros. The data cover venture capital investment in 45 metros over the period 2006 to 2017.
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