For many brand-new entrepreneurs, launching a business can be a game of following the money. Silicon Valley certainly has the money. So does New York.
But companies in all corners of the country have been able to secure venture-capital funding. In 2014, businesses in 160 cities across the U.S. saw VC investment deals close, according to a recent report from the National Venture Capital Association, the industry’s leading trade group. That’s up from 148 cities last year, and represents the largest number of cities in five years. (The peak was back in 2000, at the height of dotcom mania, when businesses in 179 metro areas had VC dollars flowing through them.)
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Wow!! San Francisco alone is doing about twice as much New York and Boston combined. Any doubts on where to go doing fund-raising?
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I guess there is much more competition too!
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good point! :)
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