In 2012, Philadelphia had $347 million in venture investment, according to The Atlantic. That’s 1.3 percent of the total venture investment around the country and it places Philly as number 11 on a list of the top locations for venture capital.
To be sure for a top 5 U.S. market, that share should likely be larger, but Philly fits into a broader narrative too.
In the story, The Atlantic notes that venture capital is more distributed than it was in late 1980s. In other words, Silicon Valley isn’t as dominant as it once was. It ranks second on The Atlantic’s list, with nearly $4 billion in investment. The top spot goes to San Francisco and Oakland, which the story differentiates from Silicon Valley, with nearly $7 billion in investment.
Also of note: The Boston-Washington corridor, which includes Philadelphia, makes up 23 percent of the country’s total venture investment, according to The Atlantic.
Before you go...
Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.
3 ways to support our work:- Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
- Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
- Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
The person charged in the UnitedHealthcare CEO shooting had a ton of tech connections
From rejection to innovation: How I built a tool to beat AI hiring algorithms at their own game
Where are the country’s most vibrant tech and startup communities?
