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Southern California and New York Beat Boston in VC

Posted Apr 28, 2008 12:41pm EDT by Sarah Lacy in Internet, Media, Venture Capital, M and A, IPOs
Related: nws, aol
For decades, Silicon Valley-based companies got the most venture capital, but Boston was a strong second. Not anymore. Driven by biotech, Southern California has taken over that no. 2 regional slot, and New York is no. 3, thanks to an increase in new media investments. My venture capital panel returns to discuss the trend.
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2 Comments

Yahoo! Finance User
Yahoo! Finance User - Monday April 28, 2008 01:52PM EDT

The outfit is very distracting. How about wearing something more professional and business-like, Sarah?

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Jeff
Jeff - Monday April 28, 2008 04:43PM EDT

Boston has always been #2 to Silicon Valley, but you and your (Silicon Valley-based!) panel are being unfair to Boston in the context of a single quarter's worth of data. As measured by number of VC firms, number of VC general partner, capital under management and any other VC industry measurement, Boston is way ahead of SoCal or NYC. In terms of start-up companies, we have such a fabulous ecosystem of universities, VCs, service providers (legal, accounting, recruiting) and strength in biotech, software, Internet, cleantech that we will remain top shelf for years and years to come. Next time, get a Boston-based VC on your panel before you slam our region!

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