Everything You Need To Know About Who's Getting VC Money

It's more than a rumor: smaller investments in earlier-stage companies are grabbing ever more money and attention from venture capitalists.

CB Insights just released its latest report on VC activity, and the hard data backs up everything you've heard:

• Silicon Valley still dominates tech, but it is steadily losing ground.

• New York is blowing past Boston to become the second most important city in Internet startups.