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Does it matter where you build?

Author: Bricleir
Published on December 15, 2020

Market Cap of Tech in U.S. by City from NFX

"Among tech ecosystems, Silicon Valley remains an outlier. It is home to far more than its fair share of startups that have reached billion-dollar-plus valuations, relative to its population.

To show this empirically, we used the total value of tech companies founded and headquartered in various cities across the US as a proxy for the productivity of the local tech ecosystem. Specifically, we compiled the most up-to-date data on tech companies across the US worth $1B+ and where they were headquartered."

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