Venture Capitalists Exploring Tech Hubs Outside California
Start-up hubs like Silicon Valley create jobs, affect housing prices, generate business, and attract venture capitalist investment. While the amount of capital that VCs have been investing in California has dwindled by 16% in the last two years, start-up hubs in other cities are becoming more attractive and supported.
According to a report by PitchBook, Florida, Colorado and Pennsylvania are emerging tech scenes that could see an investment boom, while New York, Massachusetts, Washington D.C., Illinois and Texas are also regions that are likely to attract more capital as they continue to develop. The report states that educational systems and expertise in specific tech sectors are positively affecting the rise of start-ups in the former three states.
Since 2010, funding has increased every year in Illinois, Massachusetts, Colorado and the state of Washington. The report also indicates that more tech companies will work in the financial services sector and that median fund sizes will keep growing overall.
Read More at Business InsiderFor comments, questions or concerns, please contact Daniella Soloway
Connect CRE News
Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.
Connect Events
Whether digital or in-person, Connect Events set the stage to bring together relevant content with CRE’s most active players to engage, influence and inform.
Connect CREative
A full-service marketing agency dedicated to CRE clients. Combining our CRE background with our team’s business, marketing, communications, technology, to develop and execute comprehensive strategies to create, build, and and grow successful brands.