Looking for venture capital? You better cruise the streets of San Francisco and the boulevards of Silicon Valley.
California remains the number one place for venture capital activity with $8.9 billion invested in the state during the fourth quarter, according to the MoneyTree report released this month by CB Insights and PwC. In fact, the San Francisco region saw a whopping $5.1 billion invested into startups, a 23 percent increase in dollars invested. Nearby Silicon Valley — home to tech giants like Apple and Google and venture capital powerhouses like Benchmark and Andreessen Horowitz — saw investment totals increase to $2.6 billion, up 18 percent.
