Silicon Valley is still #1 but New York just beat Boston as the #2 city for startups


We all know that Silicon Valley is the undisputed king of the hill when it comes to startup funding but a new study just dubbed New York #2 now ahead of Boston which is seeing a small decline.

Of course, New York and Silicon Valley may be the top hubs in the US according to the Compass report, but how do they stack up over time? To answer this question, we analyzed over 21,000 Angel, Seed, Series A, Series B, and Series C deals made between 2006 and today. We also included startups based in forty American metropolitan regions. (Source – Mattermark)

Want to see how your city ranked? Here’s the full list of the top 15 startup cities from the study below:

  1. Bay Area
  2. New York
  3. Boston
  4. Los Angeles
  5. San Diego
  6. Seattle
  7. Washington, D.C.
  8. Chicago
  9. Austin
  10. Atlanta
  11. Salt Lake City
  12. Miami
  13. Philadelphia
  14. Dallas
  15. Denver

{ 4 comments… add one }

  • Nick August 27, 2016, 1:01 pm

    Yuck. Couldnt pay me enough to live in the northeast….. and I am from there. Born and raised and spent 3 decades in IT there. No fun at all for me. Love my horse farms and my long summers in the Carolinas now. If anything I go further South. Seeking warmth but less congested areas!!

  • Rob August 27, 2016, 3:23 pm

    Cool Post Morgan!

    As a native San Diegan it’s cool to see San Diego in the #5 position nationwide.

    San Diego keeps growing and doing more to promote its local Startup scene with the help of Local established Bio Tech, Wireless Tech and growing Digital Tech communities as well as via Local Events like the yearly San Diego Startup Week event.

  • Joseph Peterson August 27, 2016, 9:28 pm

    I was curious how SLC would rank. When I went to school there, it seemed like half my professors had some startup side gig. Biomedical engineering and electronic sensing were what I noticed, but that’s largely a function of where I was sitting.

    Utah has always has been a tech center, despite stereotypes. TV was invented there. Growing up, a neighbor a few houses away invented computer word processing. Adobe has a new Utah campus. Google Fiber too. Hardly surprising, given 3 major universities clustered within a 25 mile radius.

    I’d much rather LIVE in Seattle, Chicago, or Boston. But happy to root for SLC from a distance.

    • Morgan August 30, 2016, 7:52 am

      @Joseph – I’ve also heard great things about SLC, definitely a growing tech community there!


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