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It probably has to do with the cost of the area. The entire Bay Area is very expensive, so it would make sense that the number of fast growing start ups wouldn't be as much as some other, less costly cities like Chicago, Philadelphia, Atlanta... even LA and DC.
Mind you, all of these companies have a minimum revenue of $2M/year, so it's not like they are the bootstrapped startup operating on $10,000 for the year trying to come up with some product. This also doesn't factor in any funding/prior cash these companies had. Not sure how well your argument holds up for certain industries. Though the Bay Area is very expensive, there's still tons of people who make companies there who can't afford super expensive real estate (which is where things like incubators come into the picture).
Atlanta is really impressive.Considering its smaller than many cities on the list its quite a powerhouse.
That's the first thing that jumped out to me as well. Atlanta is ultra diverse economic wise and has done a good job promoting itself. Also Houston's number is way low considering it's what the 4th biggest city in the country?
San Jose is surprising that it is low, but to be honest - it is even low in the Fortune 500 rankings. Being the bay area though, I did expect more fast growing companies in San Jose though remember, these are 5000 companies that are fast growing of any type. The fastest growing company on the list is an LA-based company which sends people a box of items in the mail of apparel, gadgets, etc. The second fastest growing company in America with $2M+ revenue is a company that hosts group painting parties.
Tech growth has slowed this year and there have been more layoffs. Not that surprising imo, it was bound to slow down at some point.
Tech growth has slowed this year and there have been more layoffs. Not that surprising imo, it was bound to slow down at some point.
most things are cyclical that said the combined bay does pretty well, just a stat where its not a glaring outlier as has been in recent times on many aspects
Shout out to Atlanta.. For a metro area of close to 6M population, 220 fast growing companies with 2M+ revenue is beast mode..
Yeh I said the same thing.Considering the last few years up till now,Atlanta was trailing behind Houston and Dallas.
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