Alexander Fishkov, Ph.D. student Computer Science
What is a startup?
A startup (or start-up) is a company or a project in its early stages with certain definitive features. It is risky and ambitious: The entrepreneur seeks to deliver a large impact, changing the way things are usually done in a field. Another defining aspect is that startups seek rapid growth but often fail. Since funds are generally required even for the initial development of a business, seeking venture capital is an essential part of the startup world. Thus, pitching ideas to angel investors and venture capitalists is an important part of success. Venture capitalists come at a later stage and provide more substantial amounts of money. This can, for instance, allow a company to hire more staff, speed production of a product or enter new markets quickly.
Business growth
Geography of startups
Where should you create your new startup? Which state and city provide the best opportunity? Researchers from Rice University and later E.J. Egan looked into related data and developed a rating. They analyzed multiple key attributes of startup and venture capital environments in each city, including the amount of venture capital invested, the number of active VC-backed startups and the number of new deals. On the chart above cities are ranked using a combination of these features. San Francisco took first place in the rankings with more than $4.5 billion invested in startups. This is 1.5 times greater than the amount invested in New York, which took second place. Apart from California, with its “old” Silicon Valley centers like Palo Alto, the list also includes some newcomers. Boston, Cambridge, Seattle and Chicago all hold prominent positions on the list. These cities have large populations, strong economic activity and are home to some of the best universities in the country.
About Alexander Fishkov
Alexander Fishkov, Ph.D. student Computer Science
Alexander is a Ph.D. student in Computer Science. He currently holds B.S. and M.S. degrees in Applied Math. He has experience working for industry major companies performing research in the fields of machine learning, data mining and natural language processing. In his free time, Alexander enjoys hiking, Nordic skiing and traveling.
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