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It seems to me that there is an article like this for every city in America and abroad these days. Is Pittsburg really that hot ? The numbers I could find for 2
by dmode 9y ago
It seems to me that there is an article like this for every city in America and abroad these days. Is Pittsburg really that hot ? The numbers I could find for 2015 was that Pittsburg attracted $437mn in VC dollars, while the Bay Area attracted somewhere around $27bn.
http://www.post-gazette.com/business/tech-news/2015/03/19/Venture-capital-flowing-into-Pittsburgh-region/stories/201503190077 http://www.post-gazette.com/business/tech-news/2015/03/19/Ve...
That is a 50x difference.
- hessproject 9y agoRemember that Pittsburgh only has a population of 300k. Obviously the Bay Area has a more bustling tech market, but for such a small market Pittsburgh (with an h) is doing pretty well, especially when you factor in how badly it was hit when the steel mills closed
- chapmindustries 9y agoI think you're missing the point that a lot of big tech companies are moving there. Google has 500 employees there and Uber has hundreds as well. I think that using the amount of VC funding a city receives as a measure of how hot its tech is doing is a bit misleading. Also to compare anywhere against the Bay Area doesn't make sense. The Bay Area is obviously going to beat out everywhere else. It's like someone saying that they built a pretty big wall and then coming in and saying "Yeah but look how big the Great Wall of China is."