Five Years Too Late

October 24, 2009

Where are the fundings?

Filed under: Uncategorized — fiveyearstoolate @ 12:29 pm
Eric Wiesen

Eric Wiesen

An interesting chart of where VC fundings took place in Q3 2009.

It comes as no surprise that Silicon Valley (359 deals) leads the pack, but I’m unsurprisingly interested in New York’s performance. The chart lists NYC as responsible for 113 investments, roughly 1/3 as many. Yet in the “lies, damn lies and statistics” vein, I’m curious to note that “Midwest”, “Southeast” and “Northwest” are all single entities on this chart, yet even Upstate New York gets separated out from NYC. I think if Portland and Seattle can be rolled together, there’s an argument that New York City, Upstate New York and Philadelphia represent a “region” as well, much like “New England” presumably includes the large Boston community as well as smaller ones in surrounding cities.

If you permit me this amalgamation, the “New York/Philly Nexus” would now account for 158 investments, close to half (44% for those counting) of the Silicon Valley number. Of course, there are far fewer VCs and venture firms here. I point this out not out of some competitive spite, to to merely address the persistent view I consistently hear that “East Coast” investors are excessively cautious and unwilling to make investments during this tough climate. I think the numbers argue otherwise.

VC Map

3 Comments »

  1. This point is further driven home when you consider the fact that not only are there fewer venture firms in NY, but the fund sizes are considerably smaller and there are fewer startups here than in the Valley.

    Comment by Andres Moran — October 24, 2009 @ 9:24 pm

  2. Eric- If this chart represents location of the company funded vs the VC firm (can’t really tell which it is) then I am not sure you can draw any conclusions. NYC firms do plenty of non NYC deals (like you guys) and some Bay Area firms do plenty of non-Bay Area deals (about half of ours are out of region). It would be interesting to see the fundings by firm location crossed with this chart.

    Comment by JJ Freitag — November 2, 2009 @ 12:04 pm

  3. Great post. This map is ridiculously arbitrary.

    Comment by Tom Loverro — November 13, 2009 @ 12:51 am


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: