WSJ: CA Rakes in Half of Nation's Venture Capital Investment, First Half of 2011 (Los Angeles: chapel)

[18Montclair]

The City of SF is especially noteworthy imo.

CA Metros in BLUE

Venture Capital Investment by Metro Area, Jan-Jun 2011
San Francisco-Oakland-Fremont, CA $3.219 Billion
San Jose-Sunnyvale-Santa Clara, CA $2.283 Billion
Boston-Cambridge-Quincy, MA-NH $1.921 Billion
City of San Francisco $1.671 Billion
New York-Northern NJ-Long Island, NY-NJ-PA $1.287 Billion
Los Angeles-Long Beach-Santa Ana, CA $855 Million
Washington-Arlington-Alexandria, DC-VA-MD-WV $582 Million
San Diego-San Marcos-Carlsbad, CA $375 Million
Chicago-Naperville-Joliet, IL-IN-WI $296 Million
Atlanta-Sandy Springs-Marrietta, GA $246 Million
Seattle-Tacoma-Bellevue, WA $212 Million
Denver-Aurora-Broomfield, CO $170 Million
Austin, TX $168 Million
Minneapolis-St Paul-Bloomington, MN-WI $149 Million
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD $144 Million
Indianapolis-Carmel, IN $130 Million
Blacksburg-Christiansburg-Radford, VA $100 Million
Durham-Chapel Hill, NC $118 Million
Boulder, CO $103 Million
Dallas-Ft Worth, TX $99 Million
Pittsburgh, PA $87 Million
Baltimore-Towson, MD $86 Million
Houston-Baytown-Sugar Land, TX $84 Million
Portland-Vancouver-Beaverton, OR-WA $84 Million
Raleigh-Cary, NC $76 Million
Roanoke, VA $59 Million
Miami-Ft Lauderdale-Pompano Beach, FL $55 Million
Salt Lake City, UT $55 Million
Midland, TX $50 Million
Phoenix-Mesa-Scottsdale, AZ $50 Million
Provo-Orem, UT $49 Million
Orlando, FL $46 Million
Madison, WI $44 Million
Detroit-Warren-Livonia, MI $41 Million
Manchester-Nashua, NH $38 Million
Cleveland-Elyria-Mentor, OH $33 Million
Kansas City, MO-KS $33 Million
Sacramento-Arden Arcade-Roseville, CA $30 Million
Santa Barbara-Santa Maria-Goleta, CA $30 Million
Richmond, VA $27 Million
Cincinnati-Middletown, OH-KY-IN $26 Million
Albany-Schenectady-Troy, NY $23 Million
St Louis, MO-IL $23 Million
Nashville-Davidson-Mufreesboro, TN $22 Million
Trenton-Ewing, NJ $20 Million
Bridgeport-Stamford-Norwalk, CT $17 Million
Buffalo-Niagara Falls, NY $17 Million
Ft Collins-Loveland, CO $16 Million
Tampa-St Petersburg-Clearwater, FL $16 Million
Tucson, AZ $16 Million
Flagstaff, AZ $15 Million
Santa Rosa-Petaluma, CA $15 Million
Palm Bay-Melbourne-Titusville, FL $12 Million
Worcester, MA $12 Million
Wooster, OH $11 Million
Bremerton-Silverdale, WA $10 Million
Medford, OR $10 Million
Albuquerque, NM $9 Million
Lakeland-Winter Haven, FL $9 Million
Providence-New Bedford-Fall River, RI $9 Million
Rochester, NY $9 Million
San Luis Obispo-Paso Robles, CA $9 Million
Charlottesville, VA $8 Million
Grand Rapids-Wyoming, MI $8 Million
Milwaukee-Waukesha-West Allis, WI $8 Million
Ann Arbor, MI $7 Million
Charleston-North Charleston-Summerville, SC $7 Million
Hartford-West Hartford-East Hartford, CT $7 Million
Las Vegas, NV $7 Million
Louisville, KY-IN $7 Million
Salinas, CA $7 Million
San Antonio, TX $7 Million
Baton Rouge, LA $6 Million
Spokane, WA $6 Million
Asheville, NC $5 Million
Winston-Salem, NC $5 Million
Rochester, MN $5 Million
Memphis, TN-MS-AR $3 Million
Santa Fe, NM $3 Million
Columbia, MO $2 Million
Dover, DE $2 Million
Missoula, MT $2 Million
Champaign-Urbana, IL $1 Million
Columbus, OH $1 Million
Ithaca, NY $1 Million
Kalamazoo-Portage, MI $1 Million
Morgantown, WV $1 Million
New Haven-Milford, CT $1 Million
Scranton-Wilkes Barre, PA $1 Million
Sebastian-Vero Beach, FL $1 Million

California naturally leads the Top 10 with nearly $7 billion of the capital, almost half the share, followed by Massachusetts (~$2 billion), New York (~$1.1 billion), Virginia (~$500 million), Texas (~$400 million), Illinois (~$300 million), Colorado (~$290 million), Pennsylvania (~$275 million), Georgia (~$250 million) and Washington (~$230 million).

Interactive Map: The United States of Venture Capital - Venture Capital Dispatch - WSJ

We've been hearing a lot about NY challenging Silicon Valley lately. Mainly from NYC Area officials who have been chomping at the bits to overtake SV, but this latest data indicates that Wall Street does not have the know-how of nurturing tech companies like Sand Hill Road does.

Let's hope it stays that way--LOL.

[scottfreez]

Thanks for posting that. Gives perspective of how puny San Diego is in comparison to the Bay Area, probably the most economically thriving place on the planet.

[Californiaguy2007]

It's great to see something positive on here

[BRinSM]

tech bubble 2.0!!!! i just hope the tech growth we've seen in the last year (the last few months especially) is sustainable. regardless, this map shows that no other locale in the country (let alone the rest of the planet) is anywhere near the bay area when it comes to technnology. i work for a software company in LA that is based on the peninsula and every time I go up their work, I'm blown away at the size of the industry. My only concern would be the lack of diversity when it comes to the economy up there (outside of SF anyways), but I don't think the tech sector is going anywhere any time soon.

[hsw]

Suspect data for VC investment erroneously mixes in some private equity/LBO investment

On "classic" VC start-up investments vs tech, would guess PaloAlto/Menlo/MV area captures closer to 80% of all dollars invested globally by any leading VC or angel investor

But dollars invested is meaningless as most VC investments (esp green/clean and biotech, etc) end up as failed, social engineering causes

Real measure of success is examining stock market value of cos. HQd in a region: PaloAlto corridor has more >$100Bn mkt cap cos. HQd than any region on planet....and perhaps <100K people actually live/work in PaloAlto tech corridor as engineers or execs, as SJ is largely a slum and SF is primarily a slum that has maybe 10K yuppies who work in PaloAlto and choose to reside in SF

Always amusing when one examines puny total mkt cap of tech in Seattle or Bos or TX or LA/Irvine/SD, or EastBay or City of SF....and when one examines how few valuable start-ups are based anywhere outside PaloAlto (SF's Zynga and twit are puny vs fb)....Manhattan's only valuable start-ups are a few hedge funds; almost no smart engineers have ever chosen to work or reside in Luddite commie Manhattan

Didn't the fb clowns attend Harvard lib arts and choose to move to PaloAlto, upon advice of their SandHill-based VCs, instead of building the social media co. in Bos region? Which MIT alums have started valuable tech cos. anywhere in past 25yrs? Are there any smart VCs/angel investors who aren't based in SandHill corridor?

[rah]

Originally Posted by BRinSM

tech bubble 2.0!!!! i just hope the tech growth we've seen in the last year (the last few months especially) is sustainable. regardless, this map shows that no other locale in the country (let alone the rest of the planet) is anywhere near the bay area when it comes to technnology. i work for a software company in LA that is based on the peninsula and every time I go up their work, I'm blown away at the size of the industry. My only concern would be the lack of diversity when it comes to the economy up there (outside of SF anyways), but I don't think the tech sector is going anywhere any time soon.

The Bay Area's economy is actually pretty diverse. Besides tech stuff, there's Oil/petroleum products (we have a few of the larger oil refineries in the US here, and Chevron is based here), the port of Oakland, which is the 5th largest in the US, finance (Wells Fargo, Charles Schwab, Bank of the West, etc), non-electronics manufacturing (Tesla, Clorox, etc), medical (McKesson, Kaiser Permanente, etc), biotechnology (Genentech, Gilead Sciences, etc), we also have Bechtel, the nation's largest private construction/engineering company.