When venture capitalists invest, they tend to do it in California. Of the $140 billion disbursed by VCs in the U.S. during the past three years, $78.4 billion went to the Golden State, with the vast majority of that going to Silicon Valley (including San Francisco). To be precise, 47 percent of all U.S. VC investment from 2013 through 2015 went to the Bay area.
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