Insight

San Diego Attracting Venture Capital Investment

September 3, 2013

In a recent study aimed at tracking venture capital investing in over 100 metro areas, San Diego came in as the sixth U.S. city, based on dollars of venture capital invested. One of the study's coordinators, Richard Florida, summarized: "Venture capital is more distributed than it was in the late 1980s...While Silicon Valley remains a leading center for venture investment, it appears less dominant than it once was." In addition to San Francisco, a number of other metros across the United States, including New York City, Washington, D.C., Philadelphia, and Boston in the Northeast are significant centers for venture capital investment, as are Los Angeles and San Diego in Southern California, and Seattle, Austin, and Chicago, said Florida.