The big investors betting on young companies must have missed the chatter about California’s purportedly poor business climate as they continue to pour an outsized share of money into the state’s startups.
Dow Jones VentureSource reports 548 California companies raised $15.6 billion in venture capital in the third quarter. Yes, that’s down from 645 deals worth $18.4 billion made a year earlier. But it outpaces 2014-18 when California averaged 609 venture capital deals worth $12.1 billion per quarter.
