The top 10 list for US cities by startup funding - this time split by what the startups are building.
Digital startups = the ones you're most familiar with. We're talking SaaS, Fintech, Edtech, Adtech, etc. Software products, by and large.
Physical startups = those making real world products. These include Hardware, Biotech, Medical Devices, etc.
𝗪𝗵𝗮𝘁 𝗦𝘁𝗮𝗻𝗱𝘀 𝗢𝘂𝘁?
Bay Area comes in first in both lists, reaffirming that the ancestral home for startups has not lost any luster.
New York is a strong 2nd for digital but 3rd for physical (and in competition with some up and comers on that side).
Boston holding down a respectable 4th in digital and a very strong 2nd in physical, led by the Biotech sector.
San Diego is 4th in physical and not in the top 10 in digital thanks to Biotech (perhaps the most concentrated startup ecosystem in the US).
Austin has a diversified startup base, placing in the solid middle of the top 10 in both categories.
Chicago and Miami both top 10 in digital and not found on the physical list.
Houston sneaking into the top 10 in physical (buoyed by some major Energy rounds in the last 12 months).
You can build a startup anywhere, but certain locations have a strong pull for certain founders. Network density is not an easy thing to create!
#startups #fundraising #founders #venturecapital
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