Raising venture capital used to mean meeting with investors in Silicon Valley or New York City. Fast-forward to 2016 and other markets like Los Angeles, Austin, Boston, Seattle and many more have emerged as very viable sources of capital for startup of all stages. While it’s no secret that 2016 is expected to be a rough year for startups there is also a shift in where startups are raising money.
Recently Mattermark wrote an article about the rise, and decline of fundraising activity across some of the most well-known cities for VC activity in the US (read it here). Markets like San Francisco and Seattle have seen a slowdown with cities like Austin seeing a sharp decline down 63% vs Q1 last year.
At the same time, cities like Boston and San Diego have seen sharp increases and three hours north of Austin fundraising has kicked into high-gear as Dallas has seen a major spikes up 146% in Q1 2016 compared to last year. Here’s a quick look at the top ten cities in both categories:
If you want to do a deeper dive into the data make sure to read the full article on Mattermark.