California has been the number-one state for venture investing for more than 30 years. It doesn’t matter whether you measure VC activity in dollars, deals done, or capital under management. Actually, based on certain measures, California today accounts for a larger slice of the venture capital pie than it did 30 years ago.
California’s Dominance in Venture Capital
National Venture Capital Association (NVCA) data shows that, in 2009, half of all venture capital dollars invested in the United States were deployed in California. And over the 29-year period from 1980 through 2009, the state was responsible for 44.1 percent of all venture capital investment dollars. In no year since 1980 did California account for less than 32.2 percent of the dollars that VCs put into startups.
To read the full, original article click on this link: California Rules the Venture Capital Ecosystem
Author: Scott Shane
