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Does this include biotech or is it just traditional hardware/software?
Venture Capital isn’t necessarily tech related. Neither is biotech. These are 3 entirely different terms.
Venture capital - capital investment in a start up or project. Doesn’t matter if it’s a restaurant or a software company
Information technology - the use of computers to create, process, store, retrieve, and exchange electronic data and information
Biotechnology - the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services
These are all separate terms that sometimes intersect and sometimes don’t depending on the project.
Location: That star on your map in the middle of the East Coast, DMV
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Quote:
Originally Posted by ParaguaneroSwag
Venture Capital isn’t necessarily tech related. Neither is biotech. These are 3 entirely different terms.
Venture capital - capital investment in a start up or project. Doesn’t matter if it’s a restaurant or a software company
Information technology - the use of computers to create, process, store, retrieve, and exchange electronic data and information
Biotechnology - the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services
These are all separate terms that sometimes intersect and sometimes don’t depending on the project.
This probably best answers a bit of my question from earlier.
Quote:
Originally Posted by masssachoicetts
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?
Possibly. I was basically thinking the same thing to myself.
Scrolling through the thread, do I dare ask why Philadelphia is weirding people out? Yes Philly has its set of problems but it’s ridiculous to say associate make you people surprised on Philly for that reason alone. Philadelphia is literally the home for both Comcast and AmerisourceBergen. Philly by no means perfect but there’s plenty it does well.
Scrolling through the thread, do I dare ask why Philadelphia is weirding people out? Yes Philly has its set of problems but it’s ridiculous to say associate make you people surprised on Philly for that reason alone. Philadelphia is literally the home for both Comcast and AmerisourceBergen. Philly by no means perfect but there’s plenty it does well.
Scrolling through the thread, do I dare ask why Philadelphia is weirding people out? Yes Philly has its set of problems but it’s ridiculous to say associate make you people surprised on Philly for that reason alone. Philadelphia is literally the home for both Comcast and AmerisourceBergen. Philly by no means perfect but there’s plenty it does well.
Where are said posts?
But I agree it should come as no surprise to see Philadelphia attracting a lot of VC dollars. I simply noted it was great to see the momentum continuing in Philadelphia, since it did lag a bit in past years.
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.
LA has been part of the "big-4" in VC investment in the US for decades. The Bay Area of course is way way ahead of the pack (almost always gets close to 50% of all venture dollars and has been doing that for a very long time). NY, Boston and LA then take the next 3 spots. Boston for a while used to be second, but in the last 5-7 years there has been a huge surge in NY venture activity.
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?
Lower valuations and smaller deal sizes. You get a lot more crossover/mutual funds types investing there, as well as others that know they can better terms in DC than in NY or SF. Same is true in Dallas, Chicago, Miami and other markets outside the Bay Area.
I live in the Bay Area and yes we have the most interesting and highest paying jobs in the country, but the city of SF has some of the worst property crime rates in the country. Good jobs and bad government lead to all kinds of social problems, so I wouldn't equate VC with urban advancement.
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.
If you ever do more investments in Montreal, hit me up, I'll be able to connect you. Not only are business costs lower here than all major cities on the continent, but the talent is oozing everywhere.
Since this thread will also divulge into other tech stats. I'm never a fan of using LinkedIn stats to gauge growth or losses of an industry, but I know others do, so I'll post it.
Canada’s thriving tech workforce is outpacing the U.S.
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