U.S. domestic tech hubs such as Silicon Valley are not only targets of local venture capital, but also a magnet for global investments. CityLab co-founder Richard Florida as well as his colleague Karen King use detailed data from Thomson Reuters, looking at worldwide venture capital investments across more than 150 cities and metro regions. As a result, they map out the top 20 startup venues around the globe. Highlights: eight out of the top 10, or 12 out of the top 20, are in the U.S. Florida writes,
"The largest levels of venture capital investment, are located in the East and West Coasts of the United States, Western Europe, and around the mega-cities of China and India. The U.S. is the world’s dominant center for venture capital, accounting for nearly 70 percent (68.6 percent) of total global venture capital, followed by Asia and Europe with roughly 14 percent each (14.4 percent for Asia and 13.5 percent for Europe).
The table lists the top 20 metros with the highest levels of venture capital investment worldwide. The U.S. is home to the top six metros and 12 of the top 20. Taken together, these six metros—San Francisco, San Jose, Boston, New York, Los Angeles, and San Diego—account for roughly 45 percent of total global venture capital investment. And two broad mega-regions—the San Francisco Bay Area and the Boston-New York-Washington Corridor—account for more than 40 percent of global venture investment."