Ian Hathaway at the Center for American Entrepreneurship recently took at look at startup financing to see whether tech was dispersing or concentrating. He found that first financings remain heavily concentrated in the top five markets:
Among his findings:
• After a stellar five-year period of expansion, a sharp contraction in the number of startups raising a first round of venture capital has occurred the last three years—falling to 2,496 first financings in 2017 from a peak of 3,465 such deals in 2014, for a decline of 28 percent.
