Quote:
Originally Posted by summersm343
Interesting that this PDF from the National Venture Capital Association has completely different numbers and cities than what EY has:
https://nvca.org/wp-content/uploads/...Q1_23_VM_U.pdf
I would say this EY “information” is suspect and likely inaccurate.
The top 10 here are:
1. San Francisco - $15.5B
2. NYC - $5.1B
3. Boston - $3.0B
4. Los Angeles - $2.3B
5. Denver - $1.0B
6. Washington DC - $800M
7. Philadelphia - $700M
8. Seattle - $700M
9. Chicago - $600M
10. Miami - $300M |
EY numbers seem very suspect. I kinda doubt Bay Area capital deployment is 10x NYC. If so, I have a LOT of questions about what they are funding out there.
I think 3x sounds more reasonable, but even that would still mean that the Bay Area is pumping money into older companies rather than seeding new ones. Manhattan recently overtook all of the Bay Area counties as the place with the most funded early stage companies:
https://skyscraperpage.com/forum/sho...d.php?t=254764