Venture capital funding doesn’t stretch very far — geographically, that is.
California, Massachusetts and New York drew 75 percent of venture capital last year, Revolution CEO Steve Case told Walt Mossberg Thursday at the Code Conference in Rancho Palos Verdes, California.
That left 47 states to fight over the remaining quarter of funds, he said. And the division was similar if you looked at how VC funding was split between states that went for Hillary Clinton versus Donald Trump in the 2016 election.
Image: Asa Mathat - https://www.recode.net
