Everyone knows that the lion’s share of VC money ends up in the Bay Area, Boston, or New York (roughly two thirds in 2016). Those areas are also crowded with entrepreneurs fighting for cash. For some entrepreneurs swimming in the shark tank sounds like a nightmare. But there are tangible benefits of being part of a vibrant startup community. Is it possible to have your cake and eat it too? It turns out that many entrepreneurs are daring to think outside the Valley.
To find these startup diamonds in the rough, we first ruled out locales in California, New York, or Boston. We then analyzed venture capital investment per capita to control for population size to find areas of high average investment. The results were surprising.
Wherever you decide to set up shop, Shoobx can help with the details.