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Figured I should start a thread on VC numbers for U.S + Canadian cities and all other tech info.
Venture Capital Q1 2022
United States top 10
CityDealsTotal Value
1. Silicon Valley 734 $28.9B 2. NY 499 $11.7B 3. Los Angeles 256 $5.2B 4. Boston 218 $4.4B 5. Dallas 54 $2.26B 6. Austin 105 $1.8B 7. Seattle 100 $1.5B 8. Philly 80 $1.495B 9. Chicago 64 $1.36B 10. D.C 116 $1.13B 11. Miami 81 $1.05B ("capital of capital") 12. Denver 89 $894M 13. Atlanta 55 $686M 14. Raleigh 41 $247M
Canada
1. Toronto 71 $1.7B (USD) 2. Vancouver 26 $237M (USD)
Nothing for Montreal, waiting for CVCA info but the city surpassed $1.2B CAD in Q1 2022, probably around or more than Miami/D.C and on par with Chicago.
Again these west coast and northeast cities sure do die funny.
VC tends to have little to do with business regulation, it's consistently 70-80% California, NY, Mass. Middle of the country and even the East Coast aren't that great at challenging the status quo the way most successful startups do. Still, VC creates income disparity. The Bay Area saw this to the extreme during the lockdowns when all the in person restaurants/bars were shut down, but high paying venture-funded jobs were all going strong.
VC tends to have little to do with business regulation, it's consistently 70-80% California, NY, Mass. Middle of the country and even the East Coast aren't that great at challenging the status quo the way most successful startups do. Still, VC creates income disparity. The Bay Area saw this to the extreme during the lockdowns when all the in person restaurants/bars were shut down, but high paying venture-funded jobs were all going strong.
Location: That star on your map in the middle of the East Coast, DMV
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Interesting that D.C. has 116 deals, with just the $1.1B. We know it's not a gigantic VC market, but 5th in North America in VC deals, yet total only $1.1B. Anyone know how that's even possible?
Interesting that D.C. has 116 deals, with just the $1.1B. We know it's not a gigantic VC market, but 5th in North America in VC deals, yet total only $1.1B. Anyone know how that's even possible?
DC is so unique. Possibly, different funding sources from public/government entities? The type of small businesses there may attract more of a political front? Maybe?
Who downplays LA? I've been hearing about "Silicon Beach" for decades.
I don't know what gets downplayed in tech circles, but as a casual observer of these types of lists, LA is more often near the bottom if mentioned at all. That's probably just reality and not downplaying, but it it does seem to be trending up.
I don't know what gets downplayed in tech circles, but as a casual observer of these types of lists, LA is more often near the bottom if mentioned at all. That's probably just reality and not downplaying, but it it does seem to be trending up.
I heard that mainly when I was in Miami during tech events and also when talking to some other people from the states. Of course, most were on the Suarez "capital of capital' cool-aid stuff (to summarise most of the convos there, it was always "only Miami is gaining" the rest sucks/collapsing, etc). Other virtual events I went to thought of LA as a "meh" tech ecosystem.
But in Canada it's a different story, a good majority praise L.A and think it is up and coming, I am one of them. It's a world class city with a thriving VC ecosystem and a growing robust tech industry. It's a weird and funny night and day attitude, where people here, especially in Quebec want a strong relationship with California, and LA-MTL is a target, alongside MTL-SV (also applies to Toronto).
I presume LA is pretty much Thousand Oaks to San Diego to distinguish it from the Bay Area.
The only surprise for me was the gap between NYC and Boston since they were #2 and #2A behind California for decades. My guess would be that NYC is heavily weighted towards software/internet startups. I’d love to see a breakout by sectors for the regions. There’s a bunch of Big Pharma in North Jersey. I’m wondering if that is spawning biotech startups now.
I heard that mainly when I was in Miami during tech events and also when talking to some other people from the states. Of course, most were on the Suarez "capital of capital' cool-aid stuff (to summarise most of the convos there, it was always "only Miami is gaining" the rest sucks/collapsing, etc). Other virtual events I went to thought of LA as a "meh" tech ecosystem.
But in Canada it's a different story, a good majority praise L.A and think it is up and coming, I am one of them. It's a world class city with a thriving VC ecosystem and a growing robust tech industry. It's a weird and funny night and day attitude, where people here, especially in Quebec want a strong relationship with California, and LA-MTL is a target, alongside MTL-SV (also applies to Toronto).
I’ve pushed a lot of development to Quebec over the years because of the provincial subsidies and generally lower labor costs. I did a lot with a company in Sherbrooke. It would have cost 4x more to do the work in Boston. I did other stuff over the river from Ottawa. Again, a lot cheaper than even a few miles away in old Nortel/Mitel silicon tundra country.
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