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Is Silicon Valley Really on the Verge of Losing Its Crown?
September 29, 2022 By Alberto Mesti
(Image Credit Google)
It is believed that, in time, a more global tech industry will dilute Silicon Valley's former hegemony as the spawning point for what's next, and that it will become more of a figurehead than anything else. But has this occurred? We decided to find out: What is the current ratio of dollars invested in the Valley versus the rest of the country, and how quickly is that figure changing? We've gathered information, parsed external definitions, and arrived at a tentative solution. Let's have a good time!Once center of the tech universe, last year <30% of VC dollars went to Bay Area startups (lowest level in 10+ yrs). Bad economic policies are pushing founders out of CA to cities like ATX & MIA. But dozens of US cities are still overlooked, underfunded, and under-allocated. https://t.co/5UabCGkHqb
— Chamath Palihapitiya (@chamath) September 26, 2022
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