Friday, December 27, 2013

The Next Silicon Valley is Probably Going to be….Silicon Valley

With the exception of New York, major venture hubs have shown little progress in dethroning Silicon Valley as the place for tech VC. Massachusetts and Texas are losing ground while everyone else is flat.

Silicon Valley has long dominated the spotlight for promoting and financing the growth of emerging tech companies. And so when you’re the 800 lb gorilla in an area, there will be others who aspire to knock you off of your perch. And so we see lots of breathless proclamations from other cities and regions that they are the “next Silicon Valley”. Chicago threw its hats in the ring during Groupon-mania but it is clearly not the next Silicon Valley as the data shows. And a quick Googling of the term “the next Silicon Valley” shows Seattle, Los Angeles, Bangalore, Tel Aviv and even the Brooklyn tech triangle (yes – really) have all thrown their hat into the ring thinking they could be contenders.

Read entire analysis here...

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