The article talks about $9.1 bn invested in SV in 2010 vs $1.2 bn in the South and then goes on to say that approximately 1 out of 10 raises are in the South.

The article talks about $9.1 bn invested in SV in 2010 vs $1.2 bn in the South and then goes on to say that approximately 1 out of 10 raises are in the South. Unfortunately this overlooks the power of having 4x as much money concentrated in a drivable radius vs multiple neighboring states. It's not linear. Same thing can be said of the expertise of the investors themselves. In the Valley you can actually find an entire firm that focuses on B2B SaaS because the volume makes it possible. In other cities, investors can't be as focused because the volume simply isn't there. This makes a big difference when you are pitching. If your startup fits their niche, it's going to click much easier. Stormpulse is a startup that the South should invest in (yes, I'm completely biased), but when we started to pitch aggressively we found ourselves getting the most traction in Austin and the Valley.