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It's nice to see some companies running outside of California. So much VC and startup talk these days seems to revolve around California.
by yesimahuman 17y ago
It's nice to see some companies running outside of California. So much VC and startup talk these days seems to revolve around California.
- jacquesm 17y agoThat may be YC bias.
- evgen 17y agoActually the bias is induced by reality, YC just happens to reflect it and make it seem a bit larger than it really is. California gets between 40 and 50% of all VC funding in the US and around a third of all global VC investment.
- jacquesm 17y agoA d&t report ( http://www.deloitte.com/dtt/cda/doc/content/us_tmt_2009vcreport_060809.pdf http://www.deloitte.com/dtt/cda/doc/content/us_tmt_2009vcrep... ) titled 'Global trends in Venture Capital 2009" has the following figures: US: 44% of world EU: 21% (ex uk) UK: 7% AP: 16% IS: 2% (Israel) AM: 10% (excluding US) California being 40% of the US total leaves it with about 17.6% of the world total.
- immad 17y agoIf you instead looked at every VC funding above $1m in the US I wonder how many of them would be in Califronia. I think it would be more than 90%.
- sachinag 17y agoIt's not just California - it's specifically Silicon Valley. Here's the PWC MoneyTree data for Q2 2009: https://www.pwcmoneytree.com/MTPublic/ns/nav.jsp?page=region https://www.pwcmoneytree.com/MTPublic/ns/nav.jsp?page=region