newsback |
e-mail |
printVentureWire Ranks Top 20 Metro Areas for Venture Capital3/12/2001VentureWire (venturewire.com), the leading daily source of private company business news, released today the VentureWire Top 20 Metro Areas 2001, a ranking of venture capital investment by metropolitan area. Silicon Valley ranked first, followed in order by New York, Boston, San Francisco, and Washington, DC. The VentureWire Top 20 Metro Areas rankings are based on the number of venture-capital investments in private companies in each metro area during the twelve months preceding February 28, 2001.
"It's not surprising that Silicon Valley remains far ahead of any other region in terms of startup activity," said Ken Andersen, Managing Editor, VentureWire Group. "But the Boston area, which has traditionally been a strong number two, slipped behind New York for the first time last year."
VentureWire tracks venture capital investment daily through its VentureWire Index (VWIX). VWIX is the only index of overall venture capital investing that is updated each day. The overall index, as well as geographic sub-indices by U.S. region and by state, are available each day at http://venturewire.com/index.
"Despite the recent slowdown in investment activity, nearly every metro area on the list showed an increase over their totals from a year ago. New York benefited from strong investment in the Internet services sector, specifically financial services," Andersen said. "But Boston’s strength in networking technology may push it back up the list as Internet investment continues to decline."
Atlanta and Dallas also enjoyed strong years, vaulting into the top ten from their positions at 12 and 13, respectively, a year ago. "Both areas benefited from strong investment in the telecommunications sector," said Andersen.
The VentureWire Top Twenty Metro Areas 2001:
Metro Area Rank # Deals Raised $M
Silicon Valley 1 988 $ 18,624
New York City 2 627 $ 8,806
Boston/Route 128 3 559 $ 7,586
San Francisco 4 375 $ 6,333
Washington DC/Northern VA 5 308 $ 3,429
East Bay, CA 6 240 $ 3,443
Seattle 7 215 $ 2,030
Dallas 8 212 $ 3,143
Atlanta 9 167 $ 1,973
Los Angeles 10 158 $ 2,217
Austin 11 130 $ 1,608
San Diego 12 127 $ 1,379
Denver/Boulder 13 120 $ 2,761
Chicago 14 104 $ 996
South Florida 15 98 $ 736
Philadelphia 16 87 $ 1,365
Minneapolis 17 74 $ 717
Research Triangle Park 18 63 $ 648
Pittsburgh 19 51 $ 811
Portland 20 47 $ 587
Note: Rankings are based on venture capital investment in private companies during the twelve months ending 2/28/01. Metro areas include cities and surrounding suburbs.
About VentureWire
VentureWire is a information service about private companies and venture capital that is read by an audience of more than 125,000 venture capitalists, high-tech CEOs, investment bankers, high-tech attorneys, accountants and other important players in the new economy. VentureWire is the leading source of breaking news about venture-backed companies, venture- capital funds and the firms that do business with them. VentureWire is published by Technologic Partners, a publishing and services firm that has been tracking the important strategic business and financial issues of high technology and the venture capital marketplace since 1984. More information can be found at http://venturewire.com.
©2010 Dow Jones & Company, Inc. All rights reserved.
