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Headline doesn’t even match the story: The article says they compared just San Francisco to NYC, and when Silicon Valley was included the story was not true. I
by gumby 3y ago
Headline doesn’t even match the story: The article says they compared just San Francisco to NYC, and when Silicon Valley was included the story was not true.
I mean, I like New York but this is ridiculous.
> Carta’s figures are broken down by county, not region, and in total, the four Bay Area counties on its list still beat out the two included in New York, Kings and New York counties. Kings, or Brooklyn, had 101 companies that raised series A or seed rounds in the period.
> Overall funding in the San Francisco area is still more than twice the amount that is deployed in New York City, and both cities have seen extreme funding dips since 2021. The start-ups that raised seed or series A in San Francisco raised $4.3 billion in total in the year in question, while the 543 Manhattan startups raised only $3.6 billion, Carta found.
TBF if SF is 2X Manhattan+Brooklyn that is quite a fall, but I haven’t seen it in the Q1 numbers.