According to research from Fundz, California enjoys more startup funding than any other state by a landslide. With $23.8 billion, California boasts as much startup funding as the next three states, Massachusetts, New York, and Illinois, combined.
If this news surprises you, where have you been for the last million years? California has always been the hotbed of innovation, forcing capital to flock to companies that call the West Coast home. From a purely statistical standpoint, California houses four of the top 10 cities for startup funding, leading to this notable and obvious lead across the board. To better put California’s funding numbers in context, Fundz decided to also track startup funding per person in the states in question. While California was still within the top four, Oklahoma took the top spot, with Massachusetts and Colorado rounding out the top three. For an interactive graph with specific numbers, check out the study for yourself.
This was a huge effort in collecting of data on startup funding. With data from the SEC 17,459 startup fundings across the US as the guiding force of the information, they were able to get a clear cut picture of who was thriving and who was struggling in the startup game. Read more about startup ecosystems on TechCo Photo: Flickr / Mike Procario
