Atlanta major player in High Tech Industries (Washington, Boston: credit card, contractors)

[cqholt]

The Diverse Geography of High-Tech Industries Beyond San Francisco - CityLab

The map and table below show the geography of venture capital investment in software startups. Unsurprisingly, the software industry makes up the largest share of venture capital (nearly $12 billion, or over 36 percent). The Bay Area dominates here, with $5.7 billion, or nearly half (47.9 percent), of this investment. $3.3 billion (or 27.6 percent of the total) comes from San Francisco, followed by San Jose (Silicon Valley), with $2.4 billion (or 20.2 percent). New York is third, with $978 million (8.2 percent), just ahead of Boston, with $907 million (7.6 percent). Rounding out the top 10 metros are L.A., Washington, D.C., Atlanta, Seattle, Austin, and Miami. Taken as a whole, the Boston-New York-Washington Corridor accounts for nearly a quarter (23 percent) of venture capital investment in software. Together, the top 10 metros account for over 80 percent.

[bu2]

Originally Posted by cqholt

The Diverse Geography of High-Tech Industries Beyond San Francisco - CityLab

Saw an article about job searches for IT people looking to leave the Bay Area. Top 5 areas in total number of searches were Seattle, Austin, New York City, Houston and Atlanta.

[Ant131531]

Atlanta has a huge intelligent, skilled population that isn't very obvious to the meets the eye, plus we have GA Tech.

[sedimenjerry]

Appears Atlanta is the largest dot outside of the west coast and the northeast.

[gt6974a]

And we have doctors coming out of Emory who are scared of chalk

[Hokiehaven]

Tad surprised that ATL is ahead of Austin and Seattle, would have thought they would be ahead, good to see.

[brown_dog_us]

Another way to look at this is about 65% of the software VC is in California and NY/Boston. Crazy.

[cwkimbro]

Originally Posted by Hokiehaven

Tad surprised that ATL is ahead of Austin and Seattle, would have thought they would be ahead, good to see.

I'm not.

Those industries characterize those cities entire economies more, but ultimately they are far smaller cities.

Their per capita investment in this is huge though and this is a big deal for a city their size.

Another thing missed is we actually have much of our development in very lucrative places, but places they aren't trendy or exciting.

To no small part financial transaction, data-basing firms, and credit firms create a large demand for this in Atlanta.

This is why we have First Data, NCR, Equifax, amongst others. There is an ecosystem of contractors and smaller firms in this industry too. Atlanta is the largest Fintech/payment processing hub hub outside of northern Cali and NY.

Not exciting or talked about as much as Apple and Microsoft, but there is a great deal of money and jobs there.

[ATLTJL]

Right. Because....

"I just busted my hump for 4 years at Georgia Tech and am totally marketable and can do whatever I want....why don't I go work for a credit card processing company!!!"

is something that has probably never been said.

The problem is the volume of tech Atlanta has, the problem is it isn't the kind of tech that most people find very exciting. But it does contribute to the economy, so we've got that!

[aries4118]

Originally Posted by sedimenjerry

Appears Atlanta is the largest dot outside of the west coast and the northeast.

Yes! Take that, Texas...