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Top 13 U.S. Cities for Raising Startup Capital

August 1, 2016

8:00 pm

Get ready to not be surprised: We have a look from Funders Club at the top cities in America that founders can find startup capital in, and they’re about what you’d expect. The Bay area is the winner by a large margin, with New York and Boston coming in afterwards. But the mid-range cities are also worth noting: Perhaps there will be less competition but a healthy amount of VCs. Those interested should revisit their chances of getting a meeting with a capitalist in Seattle, Chicago, Austin, or Atlanta.

Of course, there are plenty of other variables for those trying to determine where to set up their startup basecamp: The startup’s industry and the team’s connections need to be weighed against where the company is in its lifespan.

And the Bay area might not be the best option: Plenty of that funding is merely going to the firmly established giants like Uber and Palantir. Given this data, Funders Club offers a more comprehensive chart. Here, the Bay area loses some of its lead, though it’s still ahead, and other cities have a chance to surprise. Pittsburgh, for instance, appears to have a lot of funds available for relatively few startups.

Here’s the full chart. Check out the rest of the article for a breakdown of the raw data, alongside an in-depth examination of the other factors founders looking for startup capital should consider.

bar-chart-1

Header Image: Wikimedia

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Adam is a writer at Tech.co and has worked as a tech writer, blogger and copy editor for the last decade. He's also a Forbes Contributor on the publishing industry (and Digital Book World 2018 award finalist) and has appeared in publications including Popular Mechanics and IDG Connect. When not glued to TechMeme, he loves obsessing over 1970s sci-fi art.