Cities with the most tech funding

[ChiND]

Despite false claims that business is fleeing California, SF dominates this field. NY also does very well. DC is surprisingly weak.

San Francisco-Oakland-Fremont $169,883 27.8%
New York-Northern New Jersey-Long Island 87,826 14.4
Boston-Cambridge-Quincy 61,798 10.1
San Jose-Sunnyvale-Santa Clara 49,460 8.1
Los Angeles-Long Beach-Santa Ana 43,847 7.2
San Diego-Carlsbad-San Marcos 19,563 3.2
Seattle-Tacoma-Bellevue 16,317 2.7
Austin-Round Rock 11,787 1.9
Chicago-Naperville-Joliet 11,779 1.9
Washington-Arlington-Alexandria 10,576 1.7
Philadelphia-Camden-Wilmington 9,846 1.6
Atlanta-Sandy Springs-Marietta 8,214 1.3
Miami-Fort Lauderdale-Pompano Beach 7,498 1.2
Denver-Aurora 6,884


https://www.bloomberg.com/news/artic...vestment-in-us

[homebucket]

Now if only we could get folks to fund our highrise and public transportation projects...

[LA21st]

Austin looks really weak too. And Miami's hype looks like just hype of course.

LA looks pretty well here.

Bay Area is destroying eveyone tho.

[Lobotomizer]

Originally Posted by LA21st

Austin looks really weak too.

Bizarre take. Another way to look at would be a smallish to midsize metro is punching way above it's weight.

[LA21st]

Originally Posted by Lobotomizer

Bizarre take. Another way to look at would be a smallish to midsize metro is punching way above it's weight.

Is it? It has three million people. Per capita, its not above SF, SD, LA, Boston, NYC etc.

[bilbao58]

Originally Posted by LA21st

Is it? It has three million people. Per capita, its not above SF, SD, LA, Boston, NYC etc.

Less than 2 1/2 million.

[N90]

Originally Posted by LA21st

Is it? It has three million people. Per capita, it’s not above SF, SD, LA, Boston, NYC etc.

Your math is really far off, it’s per capita is higher than LA

[iheartthed]

Here's the per capita ordering and amounts:

1. San Francisco-Oakland-Fremont: $35,772
2. San Jose-Sunnyvale-Santa Clara: $24,724
3. Boston-Cambridge-Quincy: $12,506
4. San Diego-Carlsbad-San Marcos: $5,931
5. Austin-Round Rock: $5,162
6. New York-Northern New Jersey-Long Island: $4,373
7. Seattle-Tacoma-Bellevue: $4,060
8. Los Angeles-Long Beach-Santa Ana: $3,321
9. Denver-Aurora: $2,323
10. Washington-Arlington-Alexandria: $1,684
11. Philadelphia-Camden-Wilmington: $1,577
12. Atlanta-Sandy Springs-Marietta: $1,345
13. Chicago-Naperville-Joliet: $1,247
14. Miami-Fort Lauderdale-Pompano Beach: $1,222

Austin definitely lands high on a per capita basis. It has the second highest amount of per capita funding for any city outside of California.

[Crawford]

I thought all the techbros moved to South Beach?

[iheartthed]

Bay Area share of VC is actually down quite a bit. The Bay Area accounted for about 50% of all funding a few years ago. But, the Bay Area is overperforming on AI startups, so their share of total funding is probably starting to increase again.

[JManc]

I'm surprised SJ is 4th on this list considering the tech concentration on either side of the Santa Clara/ San Mateo border.

[homebucket]

Originally Posted by JManc

I'm surprised SJ is 4th on this list considering the tech concentration on either side of the Santa Clara/ San Mateo border.

SJ MSA is pretty large and holds its own though since it includes cities like Palo Alto (Broadcom, HP, Tesla, VMware), Mountain View (Google, Intuit), Cupertino (Apple), Sunnyvale (LinkedIn), Santa Clara (AMD, Applied Materials, Intel, Nvidia, ServiceNow), and Los Gatos (Netflix). And SJ itself has Adobe, Cisco, eBay, PayPal, Sanmina, and Western Digital.

Don't let the puny skyline fool you. It absolutely punches above its weight.

[JManc]

Originally Posted by homebucket

SJ MSA is pretty large and holds its own though since it includes cities like Palo Alto (Broadcom, HP, Tesla, VMware), Mountain View (Google, Intuit), Cupertino (Apple), Sunnyvale (LinkedIn), Santa Clara (AMD, Applied Materials, Intel, Nvidia, ServiceNow), and Los Gatos (Netflix). And SJ itself has Adobe, Cisco, eBay, PayPal, Sanmina, and Western Digital.

Don't let the puny skyline fool you. It absolutely punches above its weight.

I know...which is why I'm surprised it was 4th and not 1st or 2nd.

[homebucket]

Originally Posted by JManc

I know...which is why I'm surprised it was 4th and not 1st or 2nd.

Oh I see what you mean. Hmm yeah I guess if you think about it 4th is kinda low.

[Gordo]

This is VC funding, and the list is pretty expected. Tech "funding" to me implies something more like capital investment, which would probably be even more centralized in the Bay Area (and Seattle) in terms of where dollars are coming from, but would be pretty distributed in where they're being spent. I saw some graphic recently that showed that 2024 is the first time that the big tech companies are all topping oil companies and electric utilities in capex, just from all the AI data center and chips building/buying.

[Prahaboheme]

The geographic spread in some of these areas clearly skews the numbers -- for instance, LA-Long Beach-Santa Ana. That is just a vast area and despite it, its not a huge share.

[LA21st]

Originally Posted by Prahaboheme

The geographic spread in some of these areas clearly skews the numbers -- for instance, LA-Long Beach-Santa Ana. That is just a vast area and despite it, its not a huge share.

13 million people. Not 18 million.
Per capita, it does better than chicago, dc, miami, etc etc

La/orange isnt geographicallty bigger than all of dc metro or chicago.

[Prahaboheme]

Delete

[craigs]

Originally Posted by Prahaboheme

The geographic spread in some of these areas clearly skews the numbers -- for instance, LA-Long Beach-Santa Ana. That is just a vast area and despite it, its not a huge share.

It's not as vast as you seem to think it is, relative to the other areas listed in the original post. Los Angeles-Long Beach-Santa Ana is the 6th smallest of the 14. Meanwhile, it ranks 5th in funding--not that geographic size should matter when it comes to an area's share of tech funding.

1. San Jose-Sunnyvale-Santa Clara covers 1,304 square miles.
2. Austin-Round Rock covers 4,285 square miles.
3. San Diego-Carlsbad-San Marcos covers 4,526 square miles.
4. Boston-Cambridge-Quincy covers 4,814 square miles.
5. Washington-Arlington-Alexandria covers 5,564 square miles.
6. Los Angeles-Long Beach-Santa Ana covers 5,699 square miles.
7. Miami-Fort Lauderdale-Pompano Beach covers 6,137 square miles.
8. Philadelphia-Camden-Wilmington covers 6,385 square miles.
9. San Francisco-Oakland-Fremont covers 6,576 square miles.
10. Seattle-Tacoma-Bellevue covers 8,186 square miles.
11. Atlanta-Sandy Springs-Marietta covers 8,376 square miles.
12. Denver-Aurora covers 8,414 square miles.
13. Chicago-Naperville-Joliet covers 10,857 square miles.
14. New York-Northern New Jersey-Long Island covers 13,318 square miles.

[Prahaboheme]

delete