There is no "next Silicon Valley". Among the top startup ecosystems in the US, the Bay Area stands apart.
Data by metro area, includes $104 billion in priced round investment over the last 12 months on Carta.
Ecosystems must have 20+ rounds to be included.
𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 𝗦𝘁𝘂𝗳𝗳
1. Bay Area is dominant. 51% for AI (surprise surprise) but really solid percentages across all sectors.
2. NYC has re-opened the lead over Boston and has not truly "bad" finishes. Is it the only other truly mature VC ecosystem outside of the Bay?
3. LA rounds out the top 4 and has dual pillars in Hardware + Consumer (thanks to the Gundo)
4. Austin and Seattle = a little bit of everything!
5. Shouts to DC, underrated consistency in that ecosystem
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If you'd like a high-res version of the full table, comment below!
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