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Oh no, not another "Silicon Valley is dying"article. Here's the numbers for VC investment in 2018, if anyone is interested. [1] California companies raised $12B
by dmode 8y ago
Oh no, not another "Silicon Valley is dying"article. Here's the numbers for VC investment in 2018, if anyone is interested. [1] California companies raised $12B and $12.7B in Q2 and Q1 of this year. Almost 90% of this is in the valley. Next is MA at $2.8B. Texas is a DISTANT 5th with $606M. And no Midwestern state even makes an appearance in the top 10. Just this month Lucid motors raised $1bn, Postmates raised $300M and Proterra raised $155M.
[1] https://www.pwc.com/us/en/industries/technology/moneytree/explorer.html#/type=quarter&category=Sector¤tQ=Q2%202018&qRangeStart=Q2%202013&qRangeEnd=Q2%202018&chartType=bar https://www.pwc.com/us/en/industries/technology/moneytree/ex...
- gcatalfamo 8y agoLucid motors raised 1B from the UAE
- cbames89 8y agoAren't large impressive numbers exactly what we expect at the peak?
- cbames89 8y agoAs a separate point, I've heard some complain that access to talent is more difficult for tech companies than access to capital. Raleigh-Durham has the second highest number of CS PhDs(1) (1)https://www.citylab.com/life/2015/12/where-us-brainpower-tends-to-cluster/420102/ https://www.citylab.com/life/2015/12/where-us-brainpower-ten...
- mjfl 8y agoI feel like the proper measure would be return on investments experienced by venture capitalists. Though it's great to get bought out, that shouldn't be the end in itself, the end should be creating successful companies...